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Genius Group And FatBrain AI Agree To Merge Into Growth Platform; The To Be Combined Businesses Are Preliminarily Estimated To Have Achieved ~$80M Of Gross Revenue In 2023; Financial Terms Of Transaction Not Disclosed

Benzinga ·  Jan 24 21:34

Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading entrepreneur edtech and education group, and FatBrain AI ("FatBrain AI") an AI SaaS and Solutions company (OTC:LZGI) today signed a definitive merger agreement to power ecosystems of tomorrow for entrepreneurs, enterprises, governments and students through AI education and enablement.

The to be combined businesses are preliminarily estimated to have achieved approximately $80 million of gross revenue in 2023, up over 100% year-on-year (unaudited). Genius Group and FatBrain AI together enable an exponential growth cycle with AI edtech platform supporting over a five million student and a fifteen thousand...

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