Genius Group Set to Commence Trading Today on NYSE American Under Ticker Symbol ‘GNS’
12 April 2022 - 10:00PM
Genius Group Ltd. (“Genius Group” or the “Company”) is pleased to
announce the Company’s ordinary shares are expected to commence
trading on the NYSE American today under the ticker symbol “GNS.”
“Our listing on the NYSE American represents a
major milestone in the ongoing growth of Genius Group and our
GeniusU Edtech platform. I am very proud of our entire team and
global community who have all played a role in making this
achievement possible.” commented Roger James Hamilton, Founder and
CEO of Genius Group. “The four acquisitions completed with our IPO
expand our education offerings into new age groups with a lifelong
learning, A.I.-driven, personalized pathway for our students. Our
entrepreneurial curriculum now extends from early learning through
primary school, secondary school, university, adult learning and
corporate training. We are looking forward to our post-IPO journey,
with our ongoing focus on providing our students with the
leadership, entrepreneurial and life skills to succeed in today’s
fast-changing world.”
Yesterday the Company announced the pricing of
its initial public offering of 3,272,727 ordinary shares at a price
of $6.00 per share to the public. In addition, the Company’s
underwriters have exercised their over-allotment option in full for
an additional 490,909 ordinary shares at a price of $6.00 per
share. In total, the Company is issuing 3,763,636 ordinary shares
for a total of $22,581,816 of gross proceeds to the Company.
Boustead Securities, LLC acted as the sole
underwriter for the offering.
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 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 start
of trading of the ordinary shares. 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
dan@boustead1828.com
Tel: +1 949 502 4408
Company Contact:
Dave Gentry
RedChip Companies, Inc.
Phone: +1 407 491 4498
GNS@redchip.com
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