News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
GNS, new 52 week low
GNS new 52 week low
$GNS a fu$k you shorts from Roger
“Upon further deliberation and following consideration of the feedback reccived from certain of the Company's stakeholders, the Board has decided not to proceed with the Proposed Share Consolidation for the time being.
Accordingly, the Company wishes to withdraw its Notice of EGM, and shareholders of the company ("shareholders") are to note that as at the date of this announcement, the EGM that was intended to be convened on 18 September 2024 has been cancelled.
Shareholders should take note that proxy forms already submitted in relation to the EGM will be cancelled.”
Matter of Investigation of Alleged Stock Market Manipulation: The Company appointed lawyers Christian Attar & Warshaw Burnstein to conduct due diligence and take legal action against alleged stock market manipulation against the Company’s stock by various parties. Counsel completed their due diligence and damages report in February 2024, identifying evidence of multiple trade imbalances that suggest naked short selling and evidence of spoofing, with alleged damages calculated at between $251.3 million and $262.7 million. Subsequently, the lawyers have been in the process of securing third party financing to proceed with the case. The Company has been notified that the lawyers expect funding to be fully secured and the case to be filed within the coming months.
GNS new 52 week low
UN-AUDITED ...OF COURSE...A FRODGER SPECIALTY
GNS 10Q due FRIDAY SEPT 13 per Seeking Alpha
|
Followers
|
94
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
5663
|
|
Created
|
04/14/22
|
Type
|
Free
|
| Moderators Stock_Barber | |||
SINGAPORE, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, today announced the pricing of a public offering of 23,571,429 of the Company’s ordinary shares (or pre-funded warrants in lieu thereof), Series 2024-A warrants (“Series 2024-A Warrants”) to purchase up to 23,571,429 of the Company’s ordinary shares and Series 2024-C warrants (“Series 2024-C Warrants”) to purchase up to 23,571,429 of the Company’s ordinary shares, at a combined offering price of $0.35 per ordinary share (or per pre-funded warrant in lieu thereof) and associated warrants. The Series 2024-A Warrants will have an exercise price of $0.35 per ordinary share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. The Series 2024-C Warrants will have an exercise price of $0.35 per ordinary share and will be immediately exercisable upon issuance for a period of 18 months following the date of issuance. The closing of the offering is expected to occur on or about January 17, 2024, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds to the Company from the offering are expected to be approximately $8.25 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. Mr. Roger Hamilton, our chief executive officer and chairman of the board of directors, has agreed to convert approximately $1 million of his outstanding loan to the Company into the securities being offered in the public offering at the same terms and conditions, which amount included in the gross proceeds from the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, debt repayment and to support acquisitions.
The securities described above are being offered pursuant to a registration statement on Form F-1 (File No. 333-273841) originally filed with the Securities and Exchange Commission (“SEC”) on August 9, 2023, as amended, and declared effective by the SEC on January 11, 2024. The offering is being made only by means of a prospectus, which forms a part of the effective registration statement. When available, electronic copies of the final prospectus may be obtained for free on the SEC’s website located at http://www.sec.gov and may also be obtained, when available, by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Genius Group
Genius Group is a 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. Through its learning platform, GeniusU, the Genius Group has a member base of 5.4 million users in 200 countries, ranging from early age to 100.
For more information, please visit https://www.geniusgroup.net/
Forward-Looking Statements:
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, including market and other conditions, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Forward-looking statements in this press release include, without limitation, statements pertaining to the completion of the offering, the satisfaction of customary closing conditions related to the offering and the intended use of proceeds from the offering. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K and the registration statement. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise, except as required by law.
Contacts
Investors:
Dave Gentry
RedChip Companies Inc
1-800-RED-CHIP
GNS@redchip.com
AI
