Genius Group Limited - GNS STOCK NEWS

Genius Group Limited (AMEX:GNS) announced an extraordinary general meeting (EGM) scheduled for February 16, 2023, at 8:00 a.m. ET. The meeting will be held digitally, allowing shareholders to participate via a live webcast. Key proposals include a share repurchase mandate and share consolidation, with further details available in a Form 6-K filed with the SEC on January 25, 2023. Shareholders must pre-register by February 12, 2023, to attend the EGM. Genius Group aims to disrupt traditional education with a user base of 4.3 million across 200 countries, focusing on a student-centered curriculum.

Genius Group Limited (GNS) has announced its financial guidance for the year ending December 31, 2023, projecting annual revenue between $48m and $52m, a 37% increase compared to 2022. The company expects the number of students to rise to between 5.7 million and 6.0 million, reflecting a 30% growth. Adjusted EBITDA is forecasted to be between $0.5m and $1.0m. CEO Roger Hamilton highlighted strong demand for entrepreneur-related courses, indicating an optimistic outlook for 2023 driven by operational integration and cost management efforts.

Helbiz (NASDAQ: HLBZ) is investigating illegal short selling activities that have impacted its stock price. The Board of Directors is considering legal action and partnerships, taking cues from Genius Group (NYSE American: GNS). CEO Salvatore Palella emphasized that these activities have led to a decreased stock value and prompted challenging decisions, including layoffs. Helbiz aims to protect its shareholders' interests and restore fair market conditions.

The Board of Directors of Genius Group Limited (NYSE American: GNS) has initiated an action plan targeting alleged illegal short selling of its stock. This includes forming a Board-led ‘Illegal Trading Task Force’ to collaborate with regulators on market manipulation matters. Legal proceedings against involved parties will be pursued, alongside plans for a special dividend to shareholders to help reveal manipulators. Additionally, a dual listing is being considered to mitigate short selling risks. An Extraordinary General Meeting will soon be held to gain shareholder approval for these initiatives and potential stock restructuring.

Genius Group Limited (GNS) has signed a non-binding term sheet with Global Corporate Finance for up to US$7.5 million in at-the-market financing. This financing involves the issuance of ordinary shares at a price equivalent to the lowest calculated VWAP minus an 8% discount. The shares will be issued in tranches over a 30-month term, with a $150,000 commitment fee. The proceeds are intended for corporate purposes and expansion strategies. A definitive agreement is expected within 30 days.

Genius Group Limited (AMEX:GNS) has announced initial findings of an investigation by Christian Levine Law Group and Warshaw Burstein, LLP, revealing that certain individuals or companies may have engaged in illegal stock sales to manipulate the company's share price. This scheme appears aimed at artificially depressing the stock value. Genius Group plans to pursue all available legal remedies against those responsible for the alleged manipulation, reaffirming its commitment to protecting shareholder interests and maintaining market integrity.

Genius Group Limited (AMEX:GNS) has announced a virtual investor meeting on January 10, 2022, at 8:00 a.m. EST. CEO Roger Hamilton will discuss business updates and address shareholder questions, submitted in advance to investor@geniusgroup.net. The meeting aims to engage with shareholders and provide insights into the company's operations.

Genius Group is focused on revolutionizing education through an entrepreneurial Edtech approach, reaching a user base of 4.3 million worldwide.

Genius Group Limited (NYSE American: GNS) reported financial results for the nine months ended September 30, 2022. Revenue grew to $14.42 million, reflecting a 60.68% increase year-over-year. Gross margin improved to 33.96%, compared to 32.95% in the prior year. However, the company faced a net loss of ($6.09 million) and an EBITDA net loss of ($3.89 million). The number of students increased to 3.01 million, with paying students reaching 41,282, marking a 14% annual growth. The firm maintains a pro forma revenue guidance of $35.0m-$38.0m.