Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
reminds shareholders on the key dates to redeem their $10 per
ordinary share Blockchain-based Digital Discount Coupon (NFT).
The Record Date for shareholders to claim the
$10 per share NFT coupon is set for Tuesday, February 28, 2023. The
Issue Date is scheduled for Wednesday, March 15, 2023 subject to
Genius Group’s dual listing being approved. Shareholders have three
months to claim their $10 NFT and six months to convert their NFT
to GeniusU Genius Education Merits (GEMs). The shortlist of Genius
Group courses and products that shareholders can convert their GEMs
for is available in our Prospectus on our GeniusU website.
A detailed guide on how to claim the NFT will be
released before the Issue Date.
Step One:
RECORD DATE, February 28,
2023
To qualify for the NFT, shareholders must hold
ordinary shares in GNS on the Record
Date on Tuesday, February 28, 2023.
Step Two:
ISSUE DATE, March 15,
2023 (subject
to dual listing approval)
Shareholders must set up an account on Upstream
by downloading the app at https://upstream.exchange/ and tapping
Sign Up. Next, complete a short KYC identity verification process
by tapping the settings icon at the top right of the home screen
and tapping KYC. Subject to dual listing approval, shareholders
will be able to start claiming their NFT from the
Issue Date on Wednesday, March
15, 2023.
Step Three: REGISTRATION,
February 15, 2023
to June 15,
2023
Shareholders can already register and create
their account on Upstream, and will be able to claim their NFT from
March 15, 2023 until June 15, 2023, after which their NFT
expires.
Step Four: CONVERSION, March
15, 2023 to September
15, 2023
Shareholders can convert their NFT to GeniusU
GEMs and redeem for products available in our Prospectus on our
GeniusU website.
Step Five: CLOSE, September
15, 2023
Shareholders have six months through to
September 15, 2023 to convert their NFT to GEMs and redeem before
their GEMs expire.
The $10 NFT Coupon Plan together with Genius
Group’s Dual Listing on Upstream was previously announced on
February 2, 2023 on our Investor Relations website.
Details of the $10 NFT Coupon Plan, how it is
designed to reward shareholders, and how it fits into Genius
Group’s larger growth plans were discussed at the Company’s
Investor Meeting held on February 15, 2023.
Roger Hamilton, CEO of Genius Group, stated “We
are excited to be just days away from the Count Date for our $10
NFT coupon. It has taken less than 30 days from the announcement of
the NFT token and we thank our partners at Upstream Exchange for
the rapid turnaround of this initiative. With the $10 NFT coupons,
our Investor community will have an opportunity to not just benefit
from discounts on our entrepreneur and investor courses, but to
connect on GeniusU, where they can join our Entrepreneur Campus or
Investor Campus to connect with our 4.3 million students around the
world. They also gain the additional benefit of participation in
Upstream’s blockchain-powered stock exchange, where shares can be
individually verified.”
“We are looking forward to the coming month,
when we will have an opportunity to share more information and
developments with our students, partners and investors at both our
Lifelong Learning Summit on March 2-3 and our March Investor
Meeting on March 15.”
About Genius Group
Genius Group is a world 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 in today’s market. The
group has a group user base of 4.3 million users in 200 countries,
ranging from ages 0 to 100. For more information, please visit
https://www.geniusgroup.net/
About Upstream
Upstream, a MERJ Exchange Market
(merj.exchange), is a fully regulated global stock exchange for
digital securities and NFTs. Powered by Horizon's proprietary
blockchain-powered matching engine technology, the platform enables
users to trade NFTs, and invest in securities for IPOs, crowdfunded
companies, U.S. & international equities, and celebrity
ventures using the Upstream app. For more information, please visit
https://upstream.exchange/. Upstream is currently accepting
applications to dual list
at https://upstream.exchange/getlisted .
Disclaimers:
This press release shall not constitute an offer
to sell securities or the solicitation of an offer to buy
securities in any jurisdiction where such offer or solicitation is
not permitted.
NFTs received have no economic value, royalties,
equity ownership, or dividends with exception of the $10 coupon
being issued. NFTs are for utility, collection, redemption and
display only.
Upstream is a MERJ Exchange market. MERJ
Exchange is a licensed Securities Exchange, an affiliate of the
World Federation of Exchanges, and a full member of ANNA. MERJ
supports global issuers of traditional and digital securities
through the entire asset life cycle from issuance to trading,
clearing, settlement, and registry. It operates a fair and
transparent marketplace in line with international best practices
and principles of operations of financial markets. Upstream does
not endorse or recommend any public or private securities bought or
sold on its app. Upstream does not offer investment advice or
recommendations of any kind. All services offered by Upstream are
intended for self-directed clients who make their own investment
decisions without aid or assistance from Upstream. All customers
are subject to the rules and regulations of their jurisdiction. By
accessing the site or app, you agreed to be bound by its terms of
use and privacy policy. Company and security listings on Upstream
are only suitable for investors who are familiar with and willing
to accept the high risk associated with speculative investments,
often in early and development stage companies. There can be no
assurance the valuation of any particular company's securities is
accurate or in agreement with the market or industry comparative
valuations. Investors must be able to afford market volatility and
afford the loss of their investment. Companies listed on Upstream
are subject to significant ongoing corporate obligations including,
but not limited to disclosure, filings, and notification
requirements, as well as compliance with applicable quantitative
and qualitative listing standards.
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
for the fiscal year ended December 31, 2021, filed with the SEC on
May 13, 2022. 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 Contacts: Adia PREmail: gns@adiapr.co.uk US
Investors: Dave GentryRedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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