Rights Offering Details - The company has approved a $33 million rights offering for its ordinary shares, with 100% of net proceeds to be used to purchase Bitcoin for its Bitcoin Treasury [1] - Each shareholder will receive one transferable right for each ordinary share held on January 24, 2025, with the number of Rights rounded up to the nearest whole number [5] - Each Right entitles the holder to purchase one ordinary share at a subscription price of $0.50 per share [5] - Rights holders who fully exercise their Basic Subscription Rights can subscribe for additional unsubscribed shares on a pro rata basis [5] - Rights holders can sell their Rights, with trading expected to begin on January 23, 2025, under the symbol "GNS RTWI" and continue until February 13, 2025 [5] - The Rights Offering expires at 4:30 p.m. Eastern Time on February 14, 2025, unless extended [5] Founder and Management Participation - The Founder and CEO, Roger Hamilton, intends to acquire 500,000 additional shares, following the purchase of 500,000 shares on October 8, 2024, with the remaining 500,000 shares to be purchased on January 15, 2025 [2] - Following the acquisition, Mr. Hamilton will own approximately 6.8 million shares, representing 10.3% of the company's 66 million issued shares [8] - Mr. Hamilton has notified the company that he will fully subscribe to his rights under the Rights Offering, amounting to rights for an additional 6.8 million shares [8] Use of Funds and Bitcoin Treasury - The company plans to use 100% of the net proceeds from the Rights Offering to purchase Bitcoin for its Bitcoin Treasury, with anticipated proceeds of up to $33 million if fully subscribed [5] - The company also plans to pursue additional loan financings of up to $20 million, which, if successful, would increase the Bitcoin Treasury from approximately $35 million to $86 million [5] Investor Call and Webcast - The company will hold a live webcast and investor call on January 15, 2025, at 5:00 p.m. Eastern Time to discuss the Rights Offering, 2025 outlook, and Bitcoin Treasury strategy [13] Company Overview - Genius Group is a Bitcoin-first business delivering AI-powered education and acceleration solutions, serving 5.4 million users in over 100 countries through its Genius City model and online digital marketplace [14]

SINGAPORE, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $5 million to 372 Bitcoin for $35 million, at an average price of $94,047 per Bitcoin. The total purchase of $35 million of Bitcoin has been made within two months of the Company’s announcement on November 12 of its “Bitcoin-first” str ...

SINGAPORE, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $10 million to 319.4 Bitcoin for $30 million, at an average price of $93,919 per Bitcoin. The total purchase of $30 million of Bitcoin has been made within six weeks of the Company's announcement on November 12 of its "Bitcoin-first" strategy th ...

Genius Group increases Net Asset Value to $54.6 million, reduces net loss per share by 74% in First Half of 2024. Provides guidance of $75 million net asset value for Full Year with growth in Bitcoin Treasury. SINGAPORE, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced its financial results for the first half of 2024. “Following a rationalization of our operations in the first h ...

SINGAPORE, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $2 million to 214 Bitcoin for $20 million, at an average price of $93,586 per Bitcoin. The total purchase of $20 million of Bitcoin has been made within a month of the Company’s announcement in November of its “Bitcoin-first” strategy ...

Have you ever wished you could just buy a new car on Amazon? No? Well, Amazon (AMZN 2.40%) hopes that if that's the case, it can change your mind. And if you have been on its website and thought, "Why not cars, too?", you may be happy to learn that's about to become a reality.Amazon is piloting a new program selling cars on its platform, called, simply enough, Amazon Autos. Is this going to be a game-changer for the e-commerce king -- or a huge flop?What Amazon Autos can do for AmazonAmazon already sold alm ...

MONTRÉAL, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Genius Metals Inc. (TSXV: GENI) (“Genius Metals” or the “Company”) is pleased to announce that on November 12, 2024 it has entered into an option agreement to acquire a 100% interest in the Timarighine Copper Project, located in the Kingdom of Morocco. This acquisition aligns with the Company’s strategy to explore and develop its Moroccan assets, including the Timarighine, Tifernine (permit 3842500) and BMR projects (permit 384330), while advancing its exploration ...

VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE:VERS) (OTCQX:VRSSF) ("VERSES" or the "Company"), a cognitive computing company specializing in next generation intelligent systems, today announced a strategic partnership with goProdigii, LLC (“Prodigii”) as a member of VERSES Genius™ beta program (“Genius”). Prodigii aims to leverage Genius’ advanced predictive and inferencing capabilities to develop intelligent solutions with an emphasis on sustainability planning and com ...

SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered education and acceleration group, today announced the launch of GeniusGroup.AI to drive the growth of the Company’s Genius Cities Network and global AI Education model. GeniusGroup.AI, the Company’s new AI powered platform, delivers the AI training, AI tools and AI talent to connect the Company’s “Genius Cities” around the world – combining educators, entrepreneurs, ...

SINGAPORE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading AI-powered education and acceleration group, today announced changes to its Board and Management team commensurate with its international growth plans. The Company's Board of Directors has appointed Eduardo Huerta-Mercado Herrera, Ian Putter, Thomas Power and Gary Pattison to the Board, bringing with them extensive experience at Board and Senior Management levels in high-growth ...