Genius Group Plans $33M Rights Offering to Expand Bitcoin Treasury

Highlights:

• Genius Group has approved a plan for a $33 million rights offering to buy more Bitcoin.
• Shareholders can purchase additional shares through a rights offering set to expire on February 14, 2025.
• Roger Hamilton is set to increase his stake in the company with a purchase of 500,000 newly issued shares.

Genius Group Limited, a leading AI-powered Bitcoin-first education company, has approved a plan for a $33 million rights offering. The company will fully direct the offering toward purchasing Bitcoin for its Bitcoin Treasury. The Board of Directors made the decision, signaling the company’s commitment to further expanding its digital assets.

$GNS Genius Group announces $33 Million Rights Offering to increase Bitcoin Treasury

— TradeXchange (@TheTradeXchange) January 14, 2025

Key Details for Shareholders in the Rights Offering

Each ordinary shareholder will get one right per share held as of January 24, 2025, and the rights will be transferable. The company will round up the number of rights issued to the nearest number. The company will trade its ordinary shares ‘Ex-Rights’ on the NYSE American on January 24, 2025. Each right will allow the holder to purchase one ordinary share of the company for 0.50 dollars per share.

Shareholders who fully exercise their rights will also have an option to purchase additional shares which will be based on any unexercised rights. The over-subscription right will allow rights holders to buy shares on a pro-rata basis. Those who choose not to exercise their rights can sell them.

The company will trade the rights under the symbol GNS RTWI on a ‘when-issued’ basis starting January 23, 2025. Regular trading of the rights will begin on January 27, 2025. The rights offering will expire at 4:30 PM Eastern Time on February 14, 2025, unless extended by the company.

Strategic Plan to Boost Bitcoin Treasury to 86 Million Dollars

The company plans to use the net proceeds from the rights offering to buy more Bitcoin for its treasury. If the offering is fully subscribed, it could raise up to $33 million. In addition to the rights offering, Genius Group is pursuing additional loan financings of up to $20 million. If successful, the company’s Bitcoin Treasury will increase from $35 million to $86 million. This growth will help the company get closer to its target of a $120 million Bitcoin reserve.

The recent purchase of Bitcoin for $5 million has already helped boost the company’s treasury. Genius Group now holds 372 Bitcoins, bought at an average price of $94,047 per coin. The company’s focus on Bitcoin is part of its broader strategy. The company has consistently shifted its focus to Bitcoin, and more than 90% of its assets are now invested in the cryptocurrency.

GENIUS GROUP ADDS $5M BTC TO ALREADY JUICED-UP BAG

Genius Group just hit the buy button for $5M in Bitcoin, leveling up their holdings to a fat 372 BTC.

That’s $35M riding on those crypto vibes.

Guess they’re stacking sats and doubling down on the digital gold game.

While the… pic.twitter.com/dAh0s86yxH

— Mario Nawfal’s Roundtable (@RoundtableSpace) January 10, 2025

Founders Additional Share Purchase and Growing Company Ownership

Roger Hamilton, the founder and CEO of Genius Group, wants to increase his holding in the company. He will buy 500,000 newly issued shares on January 15, 2025. This is after an earlier purchase of 500,000 shares in October 2024. Hamilton will now own an estimated 6.8 million shares in the company. This amounts to roughly 10.3% of the 66 million shares outstanding.

Hamilton has notified the company that he will exercise his full rights under the current offering. He will be able to buy another 6.8m shares. This plan was approved by the company’s board back in August 2024.