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Genius Group | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC announcement ·  Mar 1 10:59
Summary by Moomoo AI
On March 1, 2024, Genius Group Limited, a Singapore-based company, filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC). This filing is intended to register an additional 10,000,000 shares of the company's common stock, which are to be issued under the company's Incentive Plans, namely the Genius Group Limited Employee Share Option Scheme 2023 and the Genius Group Limited Employee Share Scheme 2024. The Incentive Plans are designed to distribute shares to employees, officers, and directors as a form of compensation and to serve as potential incentives for retention. The shares may be distributed to both affiliates and non-affiliates, with some being 'control securities' that have been issued prior to or will be issuable after the filing of this Registration Statement. The company has indicated that it will not receive any proceeds from the sale of shares by the Selling Shareholders. Genius Group Limited is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company under SEC regulations.
On March 1, 2024, Genius Group Limited, a Singapore-based company, filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC). This filing is intended to register an additional 10,000,000 shares of the company's common stock, which are to be issued under the company's Incentive Plans, namely the Genius Group Limited Employee Share Option Scheme 2023 and the Genius Group Limited Employee Share Scheme 2024. The Incentive Plans are designed to distribute shares to employees, officers, and directors as a form of compensation and to serve as potential incentives for retention. The shares may be distributed to both affiliates and non-affiliates, with some being 'control securities' that have been issued prior to or will be issuable after the filing of this Registration Statement. The company has indicated that it will not receive any proceeds from the sale of shares by the Selling Shareholders. Genius Group Limited is classified as a non-accelerated filer, a smaller reporting company, and an emerging growth company under SEC regulations.
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