Genius Group announces issuance and trading of rights in its rights offering.

Core Viewpoint - Genius Group Limited has initiated a rights offering for its shareholders, allowing them to purchase additional shares at a subscription price of $0.50 per share, with the rights period expiring on February 14, 2025 [1][7]. Summary of the Rights Offering - Each shareholder received one transferable right for each ordinary share held as of January 24, 2025, enabling them to purchase one ordinary share at the subscription price [7]. - Rights holders can also subscribe for additional shares that remain unsubscribed through an over-subscription right, which allows for pro rata subscription [7]. - The rights are tradable on the NYSE American under the symbol "GNS RT" until February 13, 2025 [7]. Use of Funds - 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 [7]. - Additionally, the company aims to pursue loan financings of up to $22 million, potentially increasing its Bitcoin Treasury from approximately $45 million to $100 million [7]. Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.4 million users across over 100 countries [6]. - The company combines human talent with AI skills and solutions at various levels, including individual, enterprise, and government [6].