Genius Group Limited announced on January 14, 2025, that its Board of Directors approved a plan to proceed with a $33 million rights offering for the company’s ordinary shares. The primary purpose of this offering is to use 100% of the net proceeds to purchase Bitcoin for the company’s Bitcoin Treasury.
The rights offering will be conducted exclusively through a prospectus supplement, and this announcement does not constitute an offer to sell or a solicitation to buy securities. This financing strategy underscores Genius Group's commitment to its 'Bitcoin-first' approach.
An investor call and webcast were scheduled for January 15, 2025, at 5:00 PM Eastern Time, hosted by CEO Roger Hamilton. This call was intended to discuss the details of the rights offering, the company’s Bitcoin Treasury Strategy, and its 2025 outlook.
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