Summary by Futu AI
Genius Group Limited, a leading entrepreneur Edtech and education group, has announced an at-the-market offering agreement with H.C. Wainwright & Co., LLC, dated June 28, 2024. Under the agreement, Genius Group may offer and sell up to $150 million of its ordinary shares. The sales will be made at market prices through methods deemed to be an 'at the market offering' as defined by the Securities Act of 1933. The proceeds from the offering are intended for general corporate purposes, including strategic acquisitions, joint ventures, expansion of existing assets, and repayment of debt and other outstanding obligations. The company's common stock is listed on the NYSE American under the symbol 'GNS.' As of June 27, 2024, the closing price of Genius Group's common stock was $0.273 per share. The offering is subject to various terms and conditions as outlined in the at-the-market offering agreement.