Genius Group to pursue dual listing on Asian exchange

SINGAPORE - Genius Group Limited (NYSE American:GNS), a Singapore-based education company with a market capitalization of $83 million, announced Tuesday that its Board of Directors has approved plans to pursue a dual listing on an Asian stock exchange. The company has shown remarkable momentum, with InvestingPro data showing a 101% return over the past six months.

The company, which has been listed on NYSE American since April 2022, stated that a dual listing would provide easier access for shareholders in Asia and Oceania to invest in the company. Prior to its IPO, the majority of Genius Group’s shareholders were based in these regions.

According to the company’s statement, the dual listing could potentially provide additional benefits including increased liquidity, fair price discovery, and twenty-four hour trading for shareholders in North America and Europe.

Roger James Hamilton, CEO of Genius Group, noted that the company has received interest from Asia-based investors seeking access to its shares via a regional exchange. The company is considering several potential markets for the dual listing, including South Korea, Australia, Malaysia, Thailand, Hong Kong, and Japan.

The selection process for the most suitable exchange is expected to take two to three months, according to the company. Genius Group emphasized that any dual listing would only proceed in full compliance with SEC regulations and NYSE listing rules.

Genius Group describes itself as providing AI-powered education solutions with operations in over 100 countries. The announcement was made in a press release statement issued by the company.

In other recent news, Genius Group Limited has completed its acquisition of Entrepreneur Resorts Ltd, with an overwhelming 99.97% shareholder approval from ERL. This transaction involved the transfer of 50 million Genius Group shares to ERL, which will be distributed to ERL shareholders after a six-month restriction period. Additionally, Genius Group has repurchased one million shares at an average price of $1.15 per share, marking its second buyback since receiving approval to repurchase up to 20% of its issued shares. The company had previously repurchased another million shares at an average price of $1.30 each.

Genius Group has also increased its Bitcoin holdings by 23%, now holding a total of 148 Bitcoin, following a stay on a preliminary injunction by the U.S. Court of Appeals. In efforts to combat short selling, Genius Group has informed shareholders about the direct registration of shares with its transfer agent. This move aims to prevent unauthorized share lending for short selling purposes. These developments reflect ongoing strategic initiatives by Genius Group to strengthen its financial position and shareholder value.

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