share_log

Genius Group | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC ·  Aug 9 13:57
Summary by Moomoo AI
Genius Group Limited, a prominent edtech and education group, has announced that its CEO, Roger James Hamilton, is set to purchase up to 10 million ordinary shares of the company. This decision was approved by the company's Board and will be conducted at a price of 105% of the closing price on the prior trading day. The purchase will be funded through cash and debt conversion and may occur in multiple tranches, subject to NYSE approval. Hamilton's move is a demonstration of his commitment to the company's future, coinciding with the AI Revolution, where Genius Group aims to be a leader in AI-powered education. The company clarified that recent statements made by Hamilton on the X platform about...Show More
Genius Group Limited, a prominent edtech and education group, has announced that its CEO, Roger James Hamilton, is set to purchase up to 10 million ordinary shares of the company. This decision was approved by the company's Board and will be conducted at a price of 105% of the closing price on the prior trading day. The purchase will be funded through cash and debt conversion and may occur in multiple tranches, subject to NYSE approval. Hamilton's move is a demonstration of his commitment to the company's future, coinciding with the AI Revolution, where Genius Group aims to be a leader in AI-powered education. The company clarified that recent statements made by Hamilton on the X platform about student numbers and revenue goals do not constitute financial projections. Genius Group operates globally, serving 5.4 million users across over 100 countries with its AI-driven educational solutions. The company's forward-looking statements in the press release are subject to various risks and uncertainties, and it has cautioned investors not to place undue reliance on these statements.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more