Summary by Moomoo AI
Genius Group Limited has entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC, dated June 28, 2024, to sell up to $150 million of its ordinary shares. The sales will be made at market prices and may be conducted on The NYSE American, where the company's stock is listed under the symbol 'GNS', or through other methods permitted by law. The offering price per share may vary, and the company intends to use the net proceeds for general corporate purposes, which may include strategic acquisitions, joint ventures, expansion of existing assets, and repayment of debt. The company's common stock last closed at $1.15 per share on August 26, 2024. Genius Group Limited is an education group with a student base of 3.5 million on GeniusU as of December 2023, focusing on a student-centered, lifelong learning curriculum.