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Genius Group Calls EGM for Share Buyback and Cancels Rights Offering

Story Highlights
  • Genius Group is holding an EGM to approve a share buyback and new share classes.
  • The company canceled its rights offering due to low share prices affecting market strategy.
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Genius Group Calls EGM for Share Buyback and Cancels Rights Offering

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Genius Group Limited ( (GNS) ) has issued an announcement.

Genius Group Limited announced on February 12, 2025, that it is calling an Extraordinary General Meeting (EGM) for shareholders to approve a share buyback of up to 20% of its issued share capital and to create new classes of ordinary and preferred shares. The company also decided to cancel its previously announced rights offering due to its current share price being below the exercise price. This move reflects the company’s strategic response to market conditions, as its current market capitalization is significantly lower than the value of its Bitcoin Treasury and net asset value. The decisions are part of Genius Group’s growth strategy for 2025 and aim to enhance shareholder value.

More about Genius Group Limited

Genius Group Limited is a Bitcoin-first business that provides AI-powered education and acceleration solutions for the future of work. It serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace offering AI training, tools, and talent. The company aims to provide personalized AI pathways that combine human talent with AI skills for individuals, enterprises, and governments.

YTD Price Performance: -48.39%

Average Trading Volume: 5,822,503

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $51.43M

For detailed information about GNS stock, go to TipRanks’ Stock Analysis page.

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