Genius Group Limited - GNS STOCK NEWS

Genius Group Limited (NYSE American: GNS) announced a settlement with Alto Opportunity Master Fund and others, resolving a complaint filed on February 27, 2023. The agreement acknowledges no wrongdoing by Genius Group regarding federal securities laws. Key points include the company opting to pay off its $18 million convertible note in cash to prevent share dilution. It will issue 13 million shares related to previous convertible notes and cancel conversions for 36 million shares linked to the complaint. The parties will collectively invest between $3.7 million to $6.2 million in future offerings. Various business operation restrictions have also been lifted.

Genius Group (NYSE American: GNS) has launched an International Doctor of Business Administration (DBA) program in collaboration with Swiss School of Business and Management (SSBM). This 24-month program, accredited by the ACBSP, targets senior professionals seeking entrepreneurial skills for C-Suite positions. It covers over 12 specializations, including Data Science and AI, and incorporates online learning with thesis support. Featuring renowned faculty and global thought leaders, the DBA aims to meet the demand for innovative leadership in a rapidly changing business landscape. The announcement builds on previous partnerships, enhancing Genius Group’s educational offerings.

Genius Group (NYSE American: GNS) has announced the launch of redeemable discount coupons, formatted as NFTs, available to shareholders as of February 28, 2023. Each shareholder can claim an NFT valued at $10 per share through Upstream's trading app, which can then be redeemed for discounts on courses or products on the GeniusU platform. The NFT coupons must be claimed by June 15, 2023, and redeemed by September 15, 2023. CEO Roger Hamilton emphasized that this initiative aims to enhance shareholder engagement, which the company hopes will convert them into brand advocates.

Genius Group Limited (NYSE American: GNS) will hold an extraordinary general meeting on April 28, 2023, to vote on the spinoff of its subsidiary Entrepreneur Resorts Ltd (ERL). ERL, listed on the Seychelles MERJ Stock Exchange, has a share price of $2.75 and a market cap of $37 million, with 97% of its shares owned by Genius Group. This spinoff aims to streamline operations, allowing both Genius Group and ERL to focus on their respective business models. If approved, shareholders will receive shares in ERL. The board believes this will benefit shareholders by enhancing value for both companies.

Genius Group Limited (NYSE American: GNS) will hold a virtual investor meeting on March 15, 2023, led by CEO Roger Hamilton. The YouTube Livestream will cover critical topics including:

• Redemption process for $10 per share NFT coupons
• Launch of California Business School and GeniusU Global Entrepreneur Program
• Update on the spin-off of Entrepreneur Resorts Ltd
• Corporate actions, partnerships, and acquisitions

This monthly meeting aims to enhance shareholder communication. Interested shareholders must submit inquiries to investor@geniusgroup.net.

Genius Group Limited (NYSE American: GNS) has retained attorney Mark R. Basile and his firm, The Basile Law Firm P.C., as Special Counsel for a lawsuit filed against Alto Opportunity Master Fund, Ayrton Capital, LLC, and Waqas Khatri in the U.S. District Court Southern District of New York. The lawsuit, initiated by Warshaw Burstein LLP and Christian Levine Law Group LLC, targets stock manipulation. Basile’s firm has a notable track record against toxic debt lenders, including a landmark case in 2021 that benefitted numerous public companies. CEO Roger Hamilton expressed confidence in Basile's understanding of toxic loans' effects on retail shareholders.

Genius Group Limited (NYSE American: GNS) filed a lawsuit on February 27, 2023, against Alto Opportunity Master Fund and Ayrton Capital, challenging a financing agreement concerning an $18 million loan. The lawsuit aims to rescind the agreement allowing conversion into 49 million shares valued at approximately $200 million. The company seeks to protect shareholder equity and aims to combat toxic lending practices, as noted by CEO Roger Hamilton. Legal representation includes Warshaw Burstein LLP and Christian Levine Law Group, experienced in stock manipulation cases. The group serves 4.3 million users globally, focusing on innovative education.

Genius Group Limited (GNS) has launched the California Business School at its subsidiary, the University of Antelope Valley (UAV). This new business school will offer MBA programs and access to a Global Entrepreneur Program featuring renowned New York Times Bestselling Authors in various fields. The school aims to enhance digital education through Genius Group's proprietary Edtech platform. Notably, students completing the program will earn both an MBA and an Entrepreneur Certificate from Genius University. The official launch is on March 6, 2023, with enrollment already open.

Genius Group Limited (GNS) has announced key dates for shareholders to redeem a $10 NFT coupon per ordinary share. The Record Date is February 28, 2023, while the Issue Date is set for March 15, 2023, pending dual listing approval. Shareholders have three months to claim their NFT and six months to convert it into Genius Education Merits (GEMs). The coupons aim to provide discounts on educational products and facilitate connections through GeniusU, enhancing shareholder engagement. Additional details will be shared leading up to the Issue Date.