24/7 Market News Snapshot 12 February, 2025 – Genius Group Limited (NYSE:GNS)

February 12, 2025

DENVER, Colo., 12 February, 2025 (247marketnews.com) – (NYSE:GNS) are discussed in this article.
In a significant market development, Genius Group Limited (GNS) has experienced substantial growth, opening at $0.427 and rising to $0.434, marking an impressive increase exceeding 35.62%. Following a previous close of $0.320, this uptick reflects heightened market interest and strong investor confidence, evidenced by a trading volume of 951.92K shares. This dynamic momentum indicates a potentially bullish trend, prompting traders to adopt a watchful approach as further developments unfold.

Concurrently, the company has initiated key corporate actions aimed at enhancing shareholder value. The Board of Directors has called for an Extraordinary General Meeting (EGM) to seek shareholder approval for a remarkable share buyback program, which could see the repurchase of up to 20% of its issued share capital. The meeting will also address the introduction of a new class of ordinary shares and preferred shares. The decision to cancel a previously announced rights offering was influenced by current market conditions, particularly because the share price has fallen below the offering exercise price.

CEO Roger Hamilton highlighted the concern that Genius Group’s market capitalization has dipped to 50% of its Bitcoin Treasury value and constitutes only 30% of its net asset value. This situation underscores the urgent requirement for strategic actions to enhance shareholder returns. Additionally, the EGM will propose amendments to the Company’s Constitution, allowing for the issuance of preference shares and a new class of ordinary shares with increased voting rights.

Scheduled for February 24, 2025, the upcoming EGM reflects Genius Group’s commitment to refining its capital structure while reinforcing its confidence in achieving long-term growth and profitability, particularly in the evolving landscape of AI-driven education.

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