Summary by Futu AI
On October 8, 2024, Genius Group Limited, an AI-powered education and acceleration group, announced that its CEO, Roger Hamilton, purchased 500,000 ordinary shares of the company. The transaction was approved by the Board on August 9, 2024, and the shares were acquired at a price of $0.91 each, which is 105% of the closing price on September 24, 2024, the day before Hamilton's intent to purchase was made known. This purchase is part of a series of investments Hamilton has made in Genius Group, including a $2.1 million interest-free loan in late 2023, a $1.0 million equity purchase in January 2024, and a $330,000 interest-free loan in July 2024. The share acquisition was conducted in compliance with Section 4(a)(2) of the Securities Act of 1933. Genius Group operates a digital marketplace offering AI training and tools, serving 5.4 million users across over 100 countries.