Genius Group Limited - GNS STOCK NEWS

Genius Group (NYSE: GNS) has launched GeniusGroup.AI, a new AI-powered platform designed to expand its Genius Cities Network and global AI Education model. The platform features AI Avatars including 'Student AI' for university students and 'Genius Team' for entrepreneurs, along with access to Alan Turing AI, the company's Chief AI Officer. The platform provides daily AI news coverage across six continents and a global calendar of AI-related events.

The company has recently expanded its Genius Cities presence to new locations including Melbourne, London, Frankfurt, Stockholm, Santiago, Toronto, and Vancouver, joining existing hubs in Dubai, Abu Dhabi, Singapore, and Miami. Genius Group aims to establish 100 Genius Cities worldwide, connecting educators, entrepreneurs, businesses, and governments through their global learning platform.

Genius Group (NYSE American: GNS) has announced significant changes to its Board and Management team. The company has appointed four new Board members: Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power, and Gary Pattison. These appointees bring extensive experience in education, fintech, technology, and business transformation.

The new Board members are based in Peru, Dubai, England, and Mauritius, aligning with Genius Group's international growth plans. They will join Roger James Hamilton and Suraj Naik on the Board. Four previous directors have resigned following a request due to conflicts of interest and breaches of fiduciary duties.

Additionally, Adrian Reese has resigned as CFO, with Gaurav Dama appointed as Interim CFO. CEO Roger Hamilton stated that this restructure aligns with the company's growth in Asia, Europe, and South America, supporting their mission to build an AI-powered education platform and Genius Cities model.

Genius Group (NYSE American: GNS) announced that its CEO, Roger Hamilton, has purchased 500,000 ordinary shares from the company. The purchase, approved by the Board on August 9, 2024, was priced at 105% of the closing price on the day prior to purchase. Based on the September 24, 2024 closing price of $0.866, Mr. Hamilton acquired the shares at $0.91 per share.

This purchase is part of a series of investments Mr. Hamilton has made in the company over the past year, including:

• Over $2.1 million in interest-free loans in Q4 2023
• $1.0 million equity purchase in January 2024
• $330,000 interest-free loan in July 2024

The transaction was exempt from registration under Section 4(a)(2) of the Securities Act of 1933.

Genius Group (NYSE American: GNS), an AI-powered education company, has cancelled its Extraordinary General Meeting (EGM) scheduled for September 18, 2024. The meeting was originally planned to discuss a Proposed Share Consolidation. The board of directors made this decision after considering feedback from stakeholders and has chosen not to proceed with the share consolidation at this time. Shareholders are advised that the Notice of EGM has been withdrawn, and any previously submitted proxy forms will be cancelled. The company urges shareholders to read this announcement carefully and consult with financial advisors if they have any questions about the implications of this cancellation.

Genius Group (NYSE American: GNS) has announced a 1-for-10 reverse stock split effective August 16, 2024. This move aims to increase the per share market price to meet NYSE's minimum requirements for continued listing. Key points include:

- Trading under the same symbol 'GNS' on NYSE American
- New CUSIP number: Y3005A117
- Approved by stockholders on February 16, 2023
- Every 10 shares will consolidate into 1 share
- Adjustments to exercise prices and shares underlying equity awards
- No fractional shares issued; rounded down to nearest whole share
- VStock Transfer acting as exchange agent

The reverse split doesn't affect the number of authorized shares or par value. Stockholders with electronic holdings don't need to take action.

Genius Group (NYSE American: GNS), an AI-powered education company, has announced its participation in the Investor Summit August Investor Conference on August 20th, 2024. Key points include:

1. Chief Revenue Officer Peter Ritz will host one-on-one meetings with institutional investors.
2. A webcast presentation is scheduled for 4:00 p.m. Eastern time.
3. The live audio webcast and archive will be available at the provided link.
4. Registration is mandatory for conference participation.

Investors interested in scheduling meetings with management can contact MZ Group at GNS@mzgroup.us. This event provides an opportunity for Genius Group to showcase its AI-powered education solutions and engage with potential investors.

Genius Group (NYSE American: GNS), a leading entrepreneur edtech and education company, has announced its Board's approval for a dual listing of the company's shares on the Frankfurt Stock Exchange. This decision comes after interested parties approached the company, seeking to provide European investors with access to trade Genius Group shares. The Frankfurt Stock Exchange is the largest in Germany and the third largest in Europe.

The dual listing will allow ordinary shares approved for trading by SEC and NYSE on NYSE American to be traded on the Frankfurt Stock Exchange. Genius Group expects trading to begin within the next month, pending approval from the Frankfurt Stock Exchange. The company will provide further details once they are confirmed.

Genius Group (NYSE American: GNS), a leading entrepreneur edtech and education company, has announced that its Board has approved the purchase of up to 10 million ordinary shares by Founder & CEO Roger James Hamilton. The shares will be purchased at 105% of the closing price on the prior trading day and will be paid for through a combination of cash and conversion of debt due from the Company. This move demonstrates Hamilton's confidence in Genius Group's future, particularly in light of the ongoing AI Revolution.

Hamilton expressed his belief in the company's potential to become a leader in AI-powered education. However, the company has clarified that recent comments made by Hamilton on social media regarding potential student numbers and revenue goals do not constitute official financial projections.

Genius Group (NYSE: GNS) has announced a 1-for-10 reverse stock split of its ordinary shares, effective August 16, 2024. The primary goal is to increase the per share market price to meet NYSE's minimum listing requirements. Key points:

• Trading on a split-adjusted basis begins August 16, 2024
• Every ten ordinary shares will consolidate into one
• Adjustments will be made to exercise prices and number of shares for outstanding equity awards
• No fractional shares will be issued; fractional shares will be rounded down
• Continental Stock Transfer & Trust is acting as the exchange agent

The reverse split aims to maintain NYSE listing compliance without changing the company's market capitalization or shareholders' proportional ownership.