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 August, 2023
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.
This
Report on Form 6-K incorporates by reference the exhibit attached hereto which was released by the Company on the date specified in the
exhibit list.
EXHIBIT
INDEX
Exhibit
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:
August 7, 2023 |
|
|
|
By: |
/s/
Roger James Hamilton |
|
Name: |
Roger
James Hamilton |
|
Title: |
Chief
Executive Officer and Chairman
(Principal
Executive Officer) |
Exhibit
99.1
![](https://www.sec.gov/Archives/edgar/data/1847806/000149315223026970/ex99-1_001.jpg)
Genius
Group Announces Record Date for Spinoff
SINGAPORE,
August 7, 2023 - Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading
entrepreneur edtech and education group, announces the timeline, record date and share distribution date for the spinoff of Entrepreneur
Resorts Ltd (“ERL”).
On
August 1, 2023, the Singapore High Court approved the spinoff of ERL from Genius Group, with a capital reduction and share distribution
to all Genius Group shareholders at the record date of US$38,380,873 in the form of restricted ordinary shares in ERL, pursuant to a
private placement transaction exempt from registration under the provisions of the Securities Act of 1933, as amended.
ERL
is currently listed as a public company on the main board of MERJ Exchange in the Seychelles. Genius Group has now commenced the process
to transfer ERL to the Upstream, a new non-US MERJ Exchange market. This process is anticipated to be completed within 30-45 days.
Genius
Group has set the record date for a full share count of its shares for the purpose of the distribution as August 31, 2023.
Shareholders
who hold shares of Genius Group on the record date (ie. Shares purchased and held 2 days or more prior to August 31, 2023) will be entitled
to receive an equal proportion of the total shares in Entrepreneur Resorts Ltd to be distributed at the share distribution date. The
exact per share rate will be announced to shareholders soon after the record date.
Genius
Group has set the share distribution date of ERL on or about September 29, 2023. All shareholders entitled to the distribution will be
notified in September 2023. All shareholders will receive restricted shares in ERL, which may be eligible for removal of restrictions
and traded on Upstream six months after the share distribution date, if certain requirements are met.
Following
the share distribution, shares of Genius Group and ERL will trade as securities of two separate public companies, with Genius Group dual
listed on NYSE American and Upstream (Ticker: GNS), and ERL listed on Upstream (Ticker: ERL).
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 4.5 million users in 200 countries, ranging from early age to 100.
About
Entrepreneur Resorts Ltd
Entrepreneur
Resorts is a public listed company on the Main Board of the MERJ Exchange (ticker: ERL) that is a leading group of resorts, retreats
and co-working cafes for entrepreneurs. The company owns entrepreneur resorts in Bali and South Africa which run entrepreneur retreats
and workshops. It also owns Genius Café, an entrepreneur beach club in Bali, and Genius Central, an entrepreneur coworking hub
in Singapore.
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 Acquisitions
Email:
investor@geniusgroup.net
Media
Contacts:
Adia
PR
Email:
gns@adiapr.co.uk
US
Investors:
Dave
Gentry
RedChip
Companies Inc
1-800-RED-CHIP
GNS@redchip.com
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