Genius Group Announces Delisting from Upstream
19 Setembro 2023 - 6:00PM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
announces that it will delist its shares from Upstream, the trading
app for digital securities and NFTs powered by Horizon Fintex. The
decision to delist the Company from Upstream is due to complex
securities regulations arising from the dual listing on Upstream
and NYSE. The delisting process was commenced today and will be
complete on or about September 29, 2023.
Genius Group will have no further contact with
Upstream as a result of this delisting. It will not be involved
with or take part in any listing of the shares of its spun off
subsidiary, Entrepreneur Resorts Ltd (“ERL”) on Upstream or any
other exchange, which will be the sole responsibility of ERL.
Shareholders that currently have their shares on
the Upstream platform will have their shares transferred back to
the Company’s transfer agent, Vstock Transfer, on or before the
29th. To initiate a transfer immediately, Open Upstream, Tap
Investor, Withdraw Securities. Enter the Ticker Symbol “GNS” and
the Number of Shares you wish to withdraw, then tap Submit GNS’s
transfer agent Vstock Transfer will receive your shares immediately
and will hold them in digital book entry in your name. Vstock will
provide shareholders via regular U.S. mail a DRS Advice (Statement)
that shows the shares are now held at the transfer agent in book
entry. If you would like to move the shares back to your US
brokerage account you will need to contact your broker, provide
them with a copy of your DRS Advice and have them request that the
transfer agent send back your shares. They will provide you with
appropriate forms to complete.
About Genius Group
Genius Group is a leading entrepreneur Edtech
and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed. Through its learning
platform, GeniusU, the Genius Group has a member base of 4.5
million users in 200 countries, ranging from early age to 100.
For more information, please visit
https://www.geniusgroup.net/
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described in our most recent Annual Report on Form 20-F,
as amended for the fiscal year ended December 31, 2022, filed with
the SEC on June 6, 2023 and August 3, 2023. If any of these risks
were to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of
your investment. The risks and uncertainties we describe are not
the only ones facing us. Additional risks not presently known to us
or that we currently deem immaterial may also impair our business
operations. In addition, our past financial performance may not be
a reliable indicator of future performance, and historical trends
should not be used to anticipate results in the future. See
"Forward-Looking Statements" below.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
20-F, as may be supplemented or amended by the Company's Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
Investors:Flora Hewitt, Vice President of Investor Relations and
Mergers and AcquisitionsEmail: investor@geniusgroup.net
Media Contact:Adia PREmail: gns@adiapr.co.uk
US Investors:Dave Gentry, RedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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