Genius Group reminds shareholders on key dates to redeem $10 per share NFT coupon
SINGAPORE, Feb. 23, 2023 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading edtech entrepreneur and education group, is reminding shareholders on the key dates to redeem their $10 per common share Blockchain-based digital 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 into GeniusU Genius Education Merits (GEMs). The short list of Genius Group courses and products into which shareholders can convert their GEMs 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 282023
To qualify for NFT, shareholders must own ordinary shares in GNS on Record Date Tuesday 28 February 2023.
Step Two: ISSUE DATE March 152023 (ppsubject to double entry approval)
Shareholders must create an account on Upstream by downloading the app at and pressing Register. 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 approval of dual listing, shareholders will be able to start demanding NFT from Issue Date Wednesday 15 March 2023.
Step Three: REGISTRATION, February 152023 until 1 June52023
Shareholders can already register and create their account on Upstream and will be able to claim NFT from March 15, 2023 to June 15, 2023, after which their NFT will expire.
Step Four: CONVERSION, March 152023 until 1 September52023
Shareholders can convert their NFTs into GeniusU GEMs and redeem for products available in our prospectus on our GeniusU website.
Step Five: CLOSE, September 1st52023
Shareholders have six months until September 15, 2023 to convert their NFTs into GEMs and redeem before their GEMs expire.
The $10 NFT coupon plan along 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 February 15, 2023 investor meeting.
Roger Hamilton, CEO of Genius Group, stated “We are excited to be just days away from the count date of our $10 NFT token. It has taken less than 30 days from the announcement of the NFT token and we thank our partners at Upstream Exchange for the quick turnaround of this initiative With the $10 NFT vouchers, our investor community will have an opportunity to not only benefit from discounts on our entrepreneur and investor courses, but to connect to GeniusU, where they can join our Entrepreneur Campus or Investor Campus to connect with our 4.3 million students around the world. They also get the added benefit of participating in Upstream’s blockchain-powered exchange, where shares can be individually verified.”
“We look 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 entrepreneurial Edtech and education group, with a mission to disrupt the current education model with a student-centered, lifelong learning plan that prepares students with leadership, entrepreneurship and life skills to succeed in today’s marketplace. The group has a group user base of 4.3 million users in 200 countries, aged 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 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, US and international stocks and celebrity ventures using the Upstream app. For more information, please visit. Upstream is currently accepting dual listing applications on 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 financial value, royalties, stock ownership or dividends with the exception of the $10 coupon issued. NFTs are for use, collection, redemption and display only.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed stock exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and digital securities throughout the entire asset lifecycle from issuance to trading, clearing, settlement and registration. It operates a fair and transparent marketplace in line with international best practice and principles for the operation of the 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 the help or assistance of Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the Website or App, you agree to be bound by the Terms of Use and Privacy Policy. Company and securities 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. No guarantee can be given that the valuation of any particular company’s securities is accurate or consistent with 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, registration and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Investor announcement
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 Should any of these risks occur , our business, financial condition or results of operations are likely to suffer. If so, the value of our securities may decline and you may lose part or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks that are not currently known to us or that we currently consider to be immaterial could also impair our business operations. In addition, past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to predict future performance. See “forward-looking statements” below.
Forward-looking statements
Statements 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 similar 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 may not even anticipate and which involve factors that could cause actual results to differ materially from those projected or proposed. 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, which may be supplemented. or amended by the company’s reports from a foreign private issuer on Form 6-K. The company undertakes no obligation to update or supplement forward-looking statements that become untrue as a result of subsequent events, new information or otherwise.
Contacts
Investors:
Flora Hewitt, vice president of investor relations and mergers and acquisitions
Email: [email protected]
Media contacts: Adia PR
Email: [email protected]
US investors:
Dave Gentry
RedChip Companies Inc
1-800-RED-CHIP
[email protected]
