Summary by Moomoo AI
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