Genius Group Founder & CEO Roger James Hamilton to Purchase up to 10 Million Shares
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 American: GNS), una delle principali aziende di edtech e istruzione per imprenditori, ha annunciato che il suo Consiglio di Amministrazione ha approvato l'acquisto di fino a 10 milioni di azioni ordinarie da parte del Fondatore e CEO Roger James Hamilton. Le azioni saranno acquistate a 105% del prezzo di chiusura del giorno di borsa precedente e saranno pagate attraverso una combinazione di contante e conversione di debito dovuto dall'azienda. Questa mossa dimostra la fiducia di Hamilton nel futuro di Genius Group, in particolare alla luce della continua Rivoluzione dell'IA.
Hamilton ha espresso la sua convinzione nel potenziale dell'azienda di diventare un leader nell'istruzione basata sull'IA. Tuttavia, l'azienda ha chiarito che i recenti commenti di Hamilton sui social media riguardo ai potenziali numeri di studenti e obiettivi di fatturato non costituiscono proiezioni finanziarie ufficiali.
Genius Group (NYSE American: GNS), una de las principales empresas de edtech y educación para emprendedores, ha anunciado que su Junta ha aprobado la compra de hasta 10 millones de acciones ordinarias por parte del Fundador y CEO Roger James Hamilton. Las acciones se comprarán a un 105% del precio de cierre del día de negociación anterior y se pagarán a través de una combinación de efectivo y conversión de deuda pendiente de la empresa. Este movimiento demuestra la confianza de Hamilton en el futuro de Genius Group, especialmente a la luz de la Revolución de la IA en curso.
Hamilton expresó su creencia en el potencial de la empresa para convertirse en líder en educación impulsada por IA. Sin embargo, la empresa ha aclarado que los comentarios recientes de Hamilton en redes sociales sobre posibles números de estudiantes y metas de ingresos no constituyen proyecciones financieras oficiales.
지니어스 그룹(NYSE American: GNS)은 선도적인 기업가 에드테크 및 교육 회사로, 이사회가 창립자 겸 CEO인 로저 제임스 해밀턴에 의해 최대 1000만 주의 보통 주식 구매를 승인했다고 발표했습니다. 주식은 전 거래일 종가의 105%로 구매되며, 현금과 회사의 만기 채무 전환의 조합으로 지불될 예정입니다. 이 움직임은 해밀턴이 지니어스 그룹의 미래에 대한 신뢰를 보여줍니다, 특히 지속적인 AI 혁명에 비추어 볼 때 더욱 그렇습니다.
해밀턴은 회사가 AI 기반 교육의 주도자가 될 잠재력을 믿고 있다고 표현했습니다. 그러나 회사는 해밀턴이 소셜 미디어에서 학생 수와 수익 목표에 대해 언급한 최근 코멘트가 공식 재무 예측이 아니라고 밝혔습니다.
Genius Group (NYSE American: GNS), une entreprise leader dans le domaine de l'edtech et de l'éducation pour les entrepreneurs, a annoncé que son Conseil d'administration a approuvé l'achat de jusqu'à 10 millions d'actions ordinaires par le Fondateur et CEO Roger James Hamilton. Les actions seront achetées à 105 % du prix de clôture du jour de négociation précédent et seront réglées par une combinaison de liquidités et de conversion de dettes dues à l'entreprise. Ce mouvement démontre la confiance de Hamilton dans l'avenir de Genius Group, en particulier à la lumière de la Révolution de l'IA en cours.
Hamilton a exprimé sa conviction dans le potentiel de l'entreprise à devenir un leader dans l'éducation alimentée par l'IA. Cependant, l'entreprise a précisé que les récents commentaires de Hamilton sur les réseaux sociaux concernant le nombre potentiel d'étudiants et les objectifs de revenus ne constituent pas des prévisions financières officielles.
Genius Group (NYSE American: GNS), ein führendes Unternehmen im Bereich EdTech und Bildung für Unternehmer, hat bekannt gegeben, dass der Vorstand den Kauf von bis zu 10 Millionen Stammaktien durch den Gründer und CEO Roger James Hamilton genehmigt hat. Die Aktien werden zu 105% des Schlusskurses am vorhergehenden Handelstag gekauft und über eine Kombination aus Bargeld und Umwandlung von Verbindlichkeiten, die das Unternehmen betreffen, bezahlt. Dieser Schritt zeigt Hamiltons Vertrauen in die Zukunft von Genius Group, insbesondere im Hinblick auf die laufende KI-Revolution.
Hamilton äußerte seinen Glauben an das Potenzial des Unternehmens, eine führende Rolle in der KI-gestützten Bildung zu übernehmen. Das Unternehmen stellte jedoch klar, dass die jüngsten Kommentare von Hamilton in sozialen Medien zu potenziellen Schülerzahlen und Umsatz-Zielen keine offiziellen finanziellen Prognosen darstellen.
- CEO's commitment to purchase up to 10 million shares at a premium
- Potential debt reduction through conversion to equity
- CEO's expressed confidence in the company's future in AI-powered education
- Clarification that recent social media comments about student numbers and revenue goals are not official projections
Insights
The CEO's decision to purchase up to 10 million shares at a
- The purchase will be partially funded through debt conversion, which could impact the company's financial structure.
- The company has retracted previous statements about student numbers and revenue goals, indicating potential overestimation of growth prospects.
- The AI education market is highly competitive and Genius Group's leadership position is not guaranteed.
Investors should focus on concrete financial metrics and market share data in upcoming reports to gauge the company's true potential.
This share purchase arrangement raises several governance concerns:
- The 105% premium on share price could be seen as preferential treatment for the CEO, potentially disadvantaging other shareholders.
- The use of debt conversion for share acquisition might alter the company's capital structure and debt obligations.
- The retraction of previous growth statements highlights a need for more robust internal controls on public communications.
While CEO ownership alignment can be positive, the board should ensure transparent disclosure of the transaction's terms and potential impacts on other stakeholders. This situation underscores the importance of maintaining clear boundaries between personal interests and company operations in publicly traded firms.
Genius Group's focus on AI-powered education aligns with current market trends, but several factors warrant consideration:
- The AI education market is rapidly evolving and highly competitive, with numerous well-funded players.
- The company's retraction of growth projections suggests potential challenges in accurately assessing market opportunities.
- While the CEO's share purchase demonstrates confidence, it doesn't necessarily translate to market success.
Investors should look for concrete evidence of Genius Group's technological capabilities, user acquisition metrics and revenue growth in upcoming financial reports. The company's ability to differentiate its offerings and scale effectively in the crowded EdTech space will be important for long-term success.
SINGAPORE, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announced today that its Board has approved the purchase of up to 10 million ordinary shares of the Company by Founder & CEO Roger James Hamilton.
The shares – to be purchased at
Roger Hamilton, CEO of Genius Group, said: “I founded this company to make a positive impact to humanity through AI powered education. Now that the AI Revolution is fully underway, I believe Genius Group has an extremely bright future as a potential leader in its field.”
“I proposed this additional share purchase to the board to illustrate my ongoing commitment and confidence in Genius Group as its Founder and CEO. I’m grateful that they have approved it, and I look forward to continuing on our growth journey together,” concluded Hamilton.
With regard to the post by Mr. Hamilton on the X platform on August 7, 2024, any commentary regarding potential numbers of students and revenue goals, which had previously been referenced in press releases, is hereby qualified in that the Company confirms that such statements were not intended as and do not constitute financial projections with regard to the Company or its growth.
About Genius Group
Genius Group (NYSE: GNS) is a leading provider of AI powered, digital-first education and acceleration solutions for the future of work. Genius Group serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit www.geniusgroup.net.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including (without limitation) statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are generally identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the Company’s goals and strategies; the Company’s future business development; changes in demand for online learning; changes in technology; fluctuations in economic conditions; the growth of the online learning industry the United States and the other markets the Company serves or plans to serve; reputation and brand; the impact of competition and pricing; government regulations; and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the “SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Investor Relations
MZ Group - MZ North America
(949) 259-4987
GNS@mzgroup.us
www.mzgroup.us
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