Followers | 51 |
Posts | 1829 |
Boards Moderated | 0 |
Alias Born | 02/12/2022 |
Friday, March 03, 2023 4:27:49 PM
March 01 2023 - 07:00AM
GlobeNewswire Inc.
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announced that on February 27, 2023, the company filed a complaint in the United States District Court Southern District of New York, Case Number 1:23-cv-01639 against Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Ayrton Capital, LLC and Waqas Khatri (“The Parties”) seeking an Order that rescinds and declares a financing agreement with Ayrton Capital to be null and void. This lawsuit was filed by Warshaw Burstein LLP of New York and Christian Levine Law Group LLC of Texas, two firms that possess extensive experience and achieved considerable success in litigating stock manipulation cases.
The suit challenges multiple aspects of the financing agreement including Ayrton’s claim that in exchange for lending $18 million dollars to Genius, it can convert this loan into 49 million ordinary shares of the company worth around $200 million dollars. This suit follows multiple claims that the SEC has commenced against toxic lenders who are unregistered brokers and offer “death-spiral” financings to undercapitalized small and mid-cap companies.
Genius Group’s CEO, Roger Hamilton said that “the company is committed to protecting the integrity of its operations and the value of its shareholders equity by investigating and prosecuting toxic lenders, and market manipulators who violate federal securities laws.”
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 a group user base of 4.3 million users in 200 countries, ranging from ages 0 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, 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. 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. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
Contacts
Investors:
Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions
Email: investor@geniusgroup.net
Media Contacts: Adia PR
Email: gns@adiapr.co.uk
US Investors:
Dave Gentry
RedChip Companies Inc
1-800-RED-CHIP
GNS@redchip.com
Recent GNS News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/11/2024 12:00:28 PM
- Genius Group Launches Abu Dhabi and Dubai Genius Cities, AI Hubs at Abu Dhabi University • GlobeNewswire Inc. • 06/11/2024 12:00:00 PM
- Form F-1/A - Registration statement for certain foreign private issuers: [Amend] • Edgar (US Regulatory) • 06/07/2024 08:15:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/06/2024 01:40:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/06/2024 01:00:04 PM
- Genius Group to Participate in MicroCap Rodeo Investor Conference on June 6, 2024 • GlobeNewswire Inc. • 06/06/2024 01:00:00 PM
- Genius Group Announces Updated Investor Presentation and Compliance with NYSE Guidelines on Audit Opinion • GlobeNewswire Inc. • 06/06/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/04/2024 12:00:18 PM
- Genius Group to Host Virtual Roadshow Webinar on Tuesday, June 18th at 11:00 a.m. Eastern Time • GlobeNewswire Inc. • 06/04/2024 12:00:00 PM
- Form F-1 - Registration statement for certain foreign private issuers • Edgar (US Regulatory) • 05/29/2024 08:45:20 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/22/2024 09:19:43 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/20/2024 12:05:19 PM
- Genius Group Announces Exercise of Warrants for $3.8 Million Gross Proceeds • GlobeNewswire Inc. • 05/20/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/17/2024 08:30:27 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/15/2024 05:28:17 PM
- Genius Group Announces 2023 Financial Results, 150% Pro Forma Revenue Growth to $70.4 million • GlobeNewswire Inc. • 05/15/2024 05:27:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/13/2024 12:00:18 PM
- Genius Group Schedules Full Year 2023 Earnings Call Thursday, May 16, 2024 at 8:30am ET • GlobeNewswire Inc. • 05/13/2024 12:00:00 PM
- Genius Group to Present at the Sidoti Micro Cap Conference • GlobeNewswire Inc. • 05/03/2024 02:30:00 PM
- Genius Group Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program • GlobeNewswire Inc. • 05/03/2024 02:00:00 PM
- Leading Education Entrepreneurs join Genius Group as New Shareholders • GlobeNewswire Inc. • 04/26/2024 12:00:00 PM
- Genius Group Appoints Alan Turing AI as Chief AI Officer • GlobeNewswire Inc. • 04/24/2024 11:00:00 AM
- Genius Group Appoints Leading Edtech Investor Michael Moe as Board Chairman • GlobeNewswire Inc. • 04/19/2024 04:00:00 PM
- Genius Group Launches Genius City Singapore: Company’s 1st Sovereign AI Education Ecosystem • GlobeNewswire Inc. • 04/12/2024 12:00:00 PM
- Genius Group launches AI Avatar Toolkit for Global Faculty to build their own AI Tutors • GlobeNewswire Inc. • 04/05/2024 12:00:00 PM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM