Genius Group Limited, a leading entrepreneur edtech and education group, announced the pricing of its public offering on January 12, 2024. The offering is priced at $8.25 million and includes the sale of 23,571,429 ordinary shares or pre-funded warrants, along with Series 2024-A and Series 2024-C warrants to purchase additional ordinary shares. The Series 2024-A Warrants and Series 2024-C Warrants are exercisable immediately upon issuance at $0.35 per share, with the former valid for five years and the latter for 18 months. The closing of the offering is expected on or about January 17, 2024, subject to customary closing conditions. H.C. Wainwright & Co. is the exclusive placement agent for the offering. The gross proceeds, before fees and expenses, will be used for general corporate purposes, including...Show More

Genius Group Limited, a leading entrepreneur edtech and education group, announced the pricing of its public offering on January 12, 2024. The offering is priced at $8.25 million and includes the sale of 23,571,429 ordinary shares or pre-funded warrants, along with Series 2024-A and Series 2024-C warrants to purchase additional ordinary shares. The Series 2024-A Warrants and Series 2024-C Warrants are exercisable immediately upon issuance at $0.35 per share, with the former valid for five years and the latter for 18 months. The closing of the offering is expected on or about January 17, 2024, subject to customary closing conditions. H.C. Wainwright & Co. is the exclusive placement agent for the offering. The gross proceeds, before fees and expenses, will be used for general corporate purposes, including working capital, operating expenses, debt repayment, and supporting acquisitions. The offering follows the effectiveness of a registration statement filed with the SEC on August 9, 2023, and declared effective on January 11, 2024. The CEO and Chairman, Roger Hamilton, has agreed to convert approximately $1 million of his outstanding loan to the company into securities at the same terms as the public offering. The final prospectus related to the offering will be available on the SEC's website and through H.C. Wainwright & Co.