Insiders Join CEO in Providing an Additional $2 Million Funding to Genius Group

Rhea-AI Summary

Genius Group receives additional funding of $2 million from senior executives and shareholders. CEO Roger Hamilton expresses gratitude for their commitment to the long-term success of the company.

Positive

• Additional funding of $2 million from executives and shareholders
• Commitment to the long-term success of the company

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• None.

SINGAPORE, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announces today that following the recent announcement that Genius Group’s CEO, Roger James Hamilton, is providing the company with up to $4 million in funding, the Company has received notice of additional funding from executives within Genius Group.

Senior executives and shareholders in Genius Group, which include founders of a number of the companies acquired by Genius Group in 2022 and 2023, together with other senior executives of the Company, are providing additional funding amounting to approximately $2 million in the form of both interest free loans and earnings converted to equity.

CEO of Genius Group, Roger Hamilton, said “I am pleased and grateful that executives and insiders of our company are joining me in their commitment to the long term success of our group. We are jointly committed to ensuring we have the resources internally to grow Genius Group, our Edtech platform and AI / VR technology towards our mission of transforming education. With this additional support from our team, we have time to carefully consider the right investors that share our mission to join us in our growth path.”

About Genius Group

Genius Group is a leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed. Through its learning platform, GeniusU, the Genius Group has a member base of 5.4 million users in 200 countries, ranging from early age to 100.

For more information, please visit https://www.geniusgroup.net/

Investor Notice

Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described in our most recent Annual Report on Form 20-F, as amended for the fiscal year ended December 31, 2022, filed with the SEC on June 6, 2023 and August 3, 2023. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See "Forward-Looking Statements" below. 

Forward-Looking Statements 

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 20-F, as may be supplemented or amended by the Company's Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. 

Contacts

Investors:
Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions
Email: investor@geniusgroup.net

US Investors: 
Dave Gentry
RedChip Companies Inc
1-800-RED-CHIP
GNS@redchip.com

FAQ

Who is providing additional funding to Genius Group?

Executives and shareholders within Genius Group.

How much additional funding has Genius Group received?

Approximately $2 million.

What is the purpose of the additional funding?

To support the growth of Genius Group, its Edtech platform, and AI/VR technology.

What did CEO Roger Hamilton say about the additional funding?

He expressed gratitude for the commitment of executives and insiders and mentioned the search for investors who share their mission.