Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
25 Outubro 2024 - 10:15AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE
ACT OF 1934
For
the month of October, 2024
Commission
File Number: 001-41353
Genius
Group Limited
(Translation
of registrant’s name into English)
8
Amoy Street, #01-01
Singapore
049950
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________.
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________.
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
Genius
Group Limited (the “Company”) is providing the following update with regard to the pending litigation related to the Alleged
Stock Market Manipulation of the Company’s shares:
The
Company appointed lawyers Christian Attar & Warshaw Burnstein to conduct due diligence and take legal action against alleged stock
market manipulation against the Company’s stock by various parties. Counsel completed their due diligence and damages report in
February 2024, identifying evidence of multiple trade imbalances that suggest naked short selling and evidence of spoofing, with alleged
damages calculated at between $251.3 million and $262.7 million. Subsequently, the lawyers have been in the process of securing third
party financing to proceed with the case. On October 24, 2024, the Company was notified by Wes Christian of Christian Attar that funding
has been secured and that, once the most recent Company data has been reviewed to update our damage model and identify potentially new
defendants, the complaint will be filed soon thereafter.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
GENIUS
GROUP LIMITED |
|
|
|
Date:
October 24, 2024 |
|
|
|
By: |
/s/
Roger Hamilton |
|
Name: |
Roger
Hamilton |
|
Title: |
Chief
Executive Officer |
|
|
(Principal
Executive Officer) |
Genius (AMEX:GNS)
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