Genius Group acquires ERL, expands Genuis City model

Genius Group (GNS) announced that it has signed a binding asset purchase agreement with Entrepreneur Resorts, ERL, for the purchase and re-integration of ERL’s entrepreneur cafes and resorts into Genius Group, expanding its Genius City model and increasing by 50% its Company’s revenue guidance in 2025. A summary of the asset purchase agreement include: Genius Group is purchasing ERL’s revenue generating operations in Singapore, Indonesia and South Africa, expected to increase from approximately $5 million to $6 million in revenue in 2025. The asset purchase is an all-share transaction, in which the Company will pay ERL 50,000,000 shares of Genius Group, which shall be subject to registration under SEC regulations. Once registered, ERL shareholders will receive shares in Genius Group equivalent to 3 GNS shares for each ERL share. Genius Group will also provide debt financing of $1 million to ERL for improvements related to the acquisition, and to rebrand ERL as Genius Resorts as part of the Genius City model. The asset purchase agreement has been approved by both boards and signed by the parties. Closing is subject to approval to all regulatory requirements and processes including from both the New York Stock Exchange and under U.S. federal securities laws. Further to the agreement, Genius Group has increased its revenue guidance by 50% from $10 million to $15 million – $18 million for 2025.