Genius Group Closes Its First Day of Trading on the NYSE American
April 12 2022 - 4:30PM
Genius Group Limited (“Genius Group” or the “Company”) announced
that its ordinary shares commenced trading on the NYSE American
today under the ticker symbol ‘GNS’. The shares closed above the
$6.00 offering price at $30.50.
On April 11, 2022, the Company priced its firm
commitment underwritten public offering (the "Offering") of
3,763,636 ordinary shares at a price of $6.00 per share. The gross
proceeds to the Company from the Offering were $22,581,816, before
deducting underwriting discounts, commissions and other expenses.
These amounts include the full exercise of the underwriter’s
over-allotment option.
Boustead Securities, LLC acted as the sole
underwriter for the firm commitment Offering.
The securities described above are being sold by
Genius Group Limited pursuant to a registration statement, as
amended, filed by the Company with the Securities and Exchange
Commission (the "SEC"), which was declared effective on March 31,
2022. The Offering has been made only by means of a prospectus. A
copy of the final prospectus related to the Offering may be
obtained, when available, from Boustead Securities, LLC, via email:
offerings@boustead1828.com or by calling +1 (949) 502-4408 or
standard mail at Boustead Securities, LLC, Attn: Equity Capital
Markets, 6 Venture, Suite 395, Irvine, CA 92618, USA. In addition,
a copy of the final prospectus relating to the Offering may be
obtained via the SEC's website at www.sec.gov.
About Genius Group
Genius Group is a world leading entrepreneur Edtech and
education group, with a mission to disrupt the current education
model with a student-centered, life-long learning curriculum that
prepares students with the leadership, entrepreneurial and life
skills to succeed in today’s market. The group has over
2.7 million students in 200 countries, ranging from ages 0 to
100. The group includes four pre-IPO companies (the “Pre-IPO
Group”), and four companies being acquired at the time of the
closing of the IPO (the “IPO Acquisitions”).
The entrepreneur education system of
our Pre-IPO Group has been delivered virtually and in-person, in
multiple languages, locally and globally mainly via the Pre-IPO
Group’s artificial intelligence (AI) powered, personalized GeniusU
Edtech platform to adults seeking to grow their entrepreneur and
leadership skills.
The Pre-IPO Group includes Genius Group, GeniusU, Entrepreneurs
Institute and Entrepreneur Resorts. This group of entrepreneur
education companies has grown through organic growth and
acquisitions, with a focus on adding value to each company through
GeniusU, which is being developed to provide AI-driven personal
recommendations and guidance for each student. The Pre-IPO Group is
now expanding its education system to age groups beyond its current
adult audience, to children and young adults. The four IPO
Acquisitions are the first step towards this. They include:
Education Angels, which provides early learning in New Zealand for
children from 0-5 years old; E-Square, which provides primary
and secondary school education in South Africa; University of
Antelope Valley, which provides vocational certifications and
university degrees in California, USA; and Property Investors
Network, which provides property investment courses and events in
England, UK.
Genius Group’s post-IPO plan is to combine the education
programs of the IPO Acquisitions with its current education
programs and Edtech platform as part of one lifelong learning
system, and it has selected these acquisitions because they already
share aspects of the Genius curriculum and its focus on
entrepreneur education.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering. No assurance can be given that the offering and
acquisitions discussed above will be completed on the terms
described, or at all. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus for
the offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
For Underwriter Inquiries
Please Contact:
Boustead Securities, LLC
Daniel J. McClory, Head of Equity
Capital Markets
Tel: +1 949 502 4408
Email: dan@boustead1828.com
Company Contact:
Dave Gentry
RedChip Companies, Inc.
Phone: +1 407 4914498
GNS@redchip.com
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