Genius Group Launches Rights Offering to Expand Bitcoin Holdings

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Genius Group, an AI-powered education company announced on Friday a rights offering with plans for additional loans to expand its Bitcoin holdings to $100 million. 

Notably, the right offering provides existing shareholders the opportunity to purchase additional ordinary shares at a discounted price of $0.50 per share, as per the announcement.

Shareholders of record as of January 24, 2025, received one transferable right for each share they held. These rights can be exercised to purchase one new ordinary share at the subscription price.

Shareholders who fully exercise their basic subscription rights will have the opportunity to subscribe to additional shares that remain unsubscribed. This allows interested investors to potentially increase their stake in the company. However, shareholders who sell any of their rights will forfeit their eligibility for the oversubscription privilege.

The rights are currently trading on the NYSE American under the symbol “GNS RT” and will continue to trade until February 13, 2025.

The Company plans to use 100% of the net proceeds of the Rights Offering to purchase Bitcoin for its Bitcoin Treasury. The Company anticipates that, in the event that the Rights Offering is fully subscribed, the proceeds will be up to $33 million.

The company also aims to secure additional loan financing of up to $22 million, potentially increasing its Bitcoin holdings from approximately $45 million to $100 million.

Notably, Last November, Genius Group announced plans to allocate 90% or more of its reserves to Bitcoin, with a target of $120 million. If the rights offering and loan financing are fully subscribed, the company will reach over 80% of that goal.