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SINGAPORE - Genius Group Limited (NYSE American:GNS), a $92 million market cap education technology company that has seen its stock surge over 53% year-to-date according to InvestingPro data, announced Wednesday it has completed the acquisition of Entrepreneur Resorts Ltd (ERL) following overwhelming shareholder approval at ERL’s Extraordinary General Meeting.
The Asset Purchase Agreement, initially announced on June 10, received 99.97% approval from ERL shareholders, with 5.78 million votes in favor. The transaction involves transferring 50 million Genius Group shares to ERL in a private placement, which will be restricted for six months before distribution to ERL shareholders at a ratio of three Genius Group shares for each ERL share. InvestingPro analysis shows the company maintains a healthy current ratio of 3.65, indicating strong ability to meet short-term obligations.
The acquisition allows Genius Group to expand its "Genius City" model by reintegrating ERL’s entrepreneur cafés and resorts. ERL will be rebranded as Genius Resorts as part of the transaction.
Following the completion, Genius Group reaffirmed its previously increased 2025 revenue guidance of $15 million to $18 million, up 50% from its original $10 million projection. This ambitious target aligns with InvestingPro data showing analysts expect 61% revenue growth in the current fiscal year. For deeper insights into GNS’s growth prospects and 16 additional ProTips, subscribers can access the comprehensive Pro Research Report.
According to the company’s post-acquisition plan, Genius Group aims to launch 20 Genius Resorts within five years, each targeting average revenue of $5 million. The company also plans to develop 100 licensed Genius Cities and five owner-managed Genius Cities during the same period.
The first fully developed Genius City model will be accelerated in Bali, Indonesia, according to the announcement based on the press release statement.
Genius Group describes itself as a Bitcoin-first education group that provides AI-powered education and acceleration solutions across more than 100 countries, while Entrepreneur Resorts operates co-working and co-learning facilities in various locations globally.
In other recent news, Genius Group Limited has made significant financial and strategic moves. The company recently repurchased 1 million of its ordinary shares at an average price of $1.30 per share, following a shareholder-approved buyback mandate. Additionally, CEO Roger Hamilton increased his stake in the company by purchasing 650,000 shares at an average price of $0.54 per share, raising his total shareholding by 10% to 7.5 million shares. In a strategic financial decision, Genius Group expanded its Bitcoin holdings by 23%, now totaling 148 Bitcoin, following a favorable court ruling that lifted a previous injunction. On the corporate governance front, the company appointed Kevin Malone as an advisor to its Board, leveraging his expertise in addressing market manipulation issues. Furthermore, Genius Group has informed shareholders about the option to directly register their shares to combat unauthorized short selling. These developments reflect the company’s proactive approach in strengthening its financial position and governance.
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