Genius Group board approves shareholder dividend, bitcoin purchase

Genius Group (GNS) Board of Directors have approved a distribution plan from the proceeds of any and all future legal wins, with net proceeds divided equally for distribution to shareholders and purchase of Bitcoin for its Bitcoin Treasury.The Company currently has filed a complaint under the Racketeer Influenced and Corrupt Organizations Act, in the United States District Court, Southern District of Florida against Peter Ritz and Michael Moe as the controlling officers and directors of LZGI International and against Michael Carter and John Clayton, seeking damages of over $750M caused by the defendants to Genius Group. The Company also has an upcoming lawsuit alleging naked short selling and evidence of spoofing against certain parties, led by Wes Christian of Christian Attar, with alleged damages calculated at between $251.3M and $262.7M following the initial analysis of the Company’s share trading data in 2023. The Company’s legal team has continued detailed tracking of all trades in the Company for 2024 and 2025, and the filing, which is currently in final review pending filing, will include an updated damages amount which the Company anticipates to be significantly higher than the 2023 calculation based on the information provided. Whilst there is no guarantee on the final outcome of either case, the time frames of the cases or on the amount of damages that the Company may win or recover, in the event that the Company is successful in recovering any damages, the Board has agreed to the following distribution: Distribution of 50% of any net damages recovered by way of special dividend to shareholders, to be issued once any net damages have been recovered. Investment of 50% of any net damages recovered in purchasing Bitcoin for the Company’s Bitcoin Treasury, to be purchased once any net damages have been recovered.