Genius Group Announces Reverse Stock Split Effective on August 16, 2024

Core Viewpoint - Genius Group Limited announced a 1-for-10 reverse stock split effective August 16, 2024, to increase the per share market price and meet NYSE listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split consolidates every 10 shares into 1 share, with a new CUSIP number assigned (Y3005A117) [2]. - The reverse stock split was approved by stockholders on February 16, 2023, and subsequently by the Board of Directors on August 5, 2024 [2]. - No fractional shares will be issued; any fractional shares will be rounded down and returned to treasury [4]. Group 2: Impact on Equity Awards - Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards [3][5]. - For outstanding warrants, every ten shares that may be purchased prior to the split will represent one share post-split, with the exercise price adjusted accordingly [5]. Group 3: Company Overview - Genius Group is a leading provider of AI-powered, digital-first education solutions, serving 5.4 million users in over 100 countries [6]. - The company offers personalized AI pathways that combine human talent with AI skills and solutions at various levels [6].