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Genius Group | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC announcement ·  Jun 26 16:49
Summary by Moomoo AI
On June 26, 2024, Genius Group Limited, a Singapore-based company, filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC). This filing is intended to register an additional 20 million shares of the company's common stock, which are to be issued under the Genius Group Limited Employee Share Scheme 2024. The scheme is designed to provide shares to employees, officers, and directors as a form of compensation and to serve as incentives for retention. The shares may be distributed to both affiliates and non-affiliates, and some may constitute 'control securities' issued prior to or after the filing. The Incentive Plans are administered by the company's Compensation Committee and include clawback provisions. The company has...Show More
On June 26, 2024, Genius Group Limited, a Singapore-based company, filed a Registration Statement on Form S-8 with the United States Securities and Exchange Commission (SEC). This filing is intended to register an additional 20 million shares of the company's common stock, which are to be issued under the Genius Group Limited Employee Share Scheme 2024. The scheme is designed to provide shares to employees, officers, and directors as a form of compensation and to serve as incentives for retention. The shares may be distributed to both affiliates and non-affiliates, and some may constitute 'control securities' issued prior to or after the filing. The Incentive Plans are administered by the company's Compensation Committee and include clawback provisions. The company has also included forward-looking statements in the prospectus, cautioning that actual results may differ materially due to various risks and uncertainties. The offering of the new shares does not aim to raise capital for the company, as the proceeds from the sale of shares by selling shareholders will not benefit Genius Group directly. The company's stock is listed on the NYSE American under the ticker GNS.

This announcement is a separate document:

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