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Genius Group | 6-K: Report of foreign private issuer (related to financial reporting)

Genius Group | 6-K: Report of foreign private issuer (related to financial reporting)

Genius Group | 6-K:外国发行人报告(业绩相关)
美股sec公告 ·  04/29 17:30
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Genius Group Limited has entered into a secured note financing agreement on April 29, 2024, securing $5.72 million in funding from an investor. The financing is structured in two tranches, with $3 million provided at the initial closing and an additional $2 million contingent on the company's timely filing of its 20-F report among other conditions. The note is a senior secured obligation with an 18-month term and a redemption value set at 105% of the note's amount. Genius Group's subsidiaries have guaranteed the obligations under the note. The company is required to file a resale registration statement within 30 days of closing and have it declared effective within 90 days. Failure to meet this deadline will result in liquidated damages. Repayment of the note will be in 15 equal monthly installments starting from the fourth month after closing. Additionally, the company has issued a five-year warrant for the investor to purchase 8,945,000 ordinary shares at $0.41 per share, with registration rights for these warrants also stipulated.
Genius Group Limited has entered into a secured note financing agreement on April 29, 2024, securing $5.72 million in funding from an investor. The financing is structured in two tranches, with $3 million provided at the initial closing and an additional $2 million contingent on the company's timely filing of its 20-F report among other conditions. The note is a senior secured obligation with an 18-month term and a redemption value set at 105% of the note's amount. Genius Group's subsidiaries have guaranteed the obligations under the note. The company is required to file a resale registration statement within 30 days of closing and have it declared effective within 90 days. Failure to meet this deadline will result in liquidated damages. Repayment of the note will be in 15 equal monthly installments starting from the fourth month after closing. Additionally, the company has issued a five-year warrant for the investor to purchase 8,945,000 ordinary shares at $0.41 per share, with registration rights for these warrants also stipulated.
Genius Group Limited已于2024年4月29日签订了担保票据融资协议,从投资者那里获得了572万美元的融资。本次融资分为两部分,在初始收盘时提供300万美元,另外200万美元取决于公司及时提交20-F报告等条件。该票据是优先担保债务,期限为18个月,赎回价值设定为票据金额的105%。Genius集团的子公司已为该票据下的义务提供了担保。公司必须在关闭后的30天内提交转售注册声明,并在90天内宣布其生效。未能在截止日期之前完成将导致违约金。从结算后的第四个月开始,票据将按月等额分期偿还15次。此外,该公司已签发了为期五年的认股权证,要求投资者以每股0.41美元的价格购买8,945,000股普通股,还规定了这些认股权证的注册权。
Genius Group Limited已于2024年4月29日签订了担保票据融资协议,从投资者那里获得了572万美元的融资。本次融资分为两部分,在初始收盘时提供300万美元,另外200万美元取决于公司及时提交20-F报告等条件。该票据是优先担保债务,期限为18个月,赎回价值设定为票据金额的105%。Genius集团的子公司已为该票据下的义务提供了担保。公司必须在关闭后的30天内提交转售注册声明,并在90天内宣布其生效。未能在截止日期之前完成将导致违约金。从结算后的第四个月开始,票据将按月等额分期偿还15次。此外,该公司已签发了为期五年的认股权证,要求投资者以每股0.41美元的价格购买8,945,000股普通股,还规定了这些认股权证的注册权。
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