Genius Group Limited - GNS STOCK NEWS

Genius Group Limited (NYSE American: GNS) will host a virtual investor meeting on February 15, 2023, at 4:15 p.m. EST. CEO Roger Hamilton will provide insights into the company's curriculum, Metaversity and AI development plan, and details of the spin-off of Entrepreneur Resorts Ltd. Additionally, the meeting will address the recent dual listing on the Upstream Exchange and how shareholders can redeem their $10 per share NFT coupons. The company emphasizes its commitment to continuous investor communication, planning to hold these meetings monthly. Questions from shareholders must be submitted in advance to ensure thorough answers.

Genius Group Limited (NYSE American: GNS) has announced a plan to reward shareholders with a $10 Blockchain-based NFT coupon per share. This initiative aims to prevent illegal trading and enhance shareholder engagement through a dual listing on Upstream. The company expects to complete this listing by February 28, 2023, allowing shareholders to receive NFT coupons via the Upstream app. These coupons can be redeemed for Genius Education Merits (GEMs), usable toward educational courses. This reward system highlights the company's commitment to its investors, merging traditional equity with innovative digital assets.

Genius Group Limited (NYSE American: GNS) announced a spinoff plan for its subsidiary Entrepreneur Resorts Ltd to enhance shareholder value. The company, listed on the Seychelles MERJ Stock Exchange with a share price of $2.75 and a market cap of $37 million, is 97% owned by Genius Group. The spinoff aims to separate the Company’s Edtech focus from its hospitality services, allowing both entities to grow independently. The restructuring will require shareholder approval and could potentially include a court order. Genius Group's CEO indicated plans to list Entrepreneur Resorts on a larger exchange in the future, despite current low trading liquidity.

Genius Group Limited (NYSE American:GNS) will be featured in an interview on The RedChip Money Report airing on Bloomberg TV on January 28, 2023, at 7 p.m. ET. The interview, conducted by Roger James Hamilton, the Company’s Founder & CEO, will highlight a 60% increase in revenue for the first nine months of 2022. Genius Group aims to revolutionize education with its innovative, student-centered approach and has a user base of 4.3 million across 200 countries. The full interview can be accessed at this link.

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.