Genius Group Limited has entered into a secured note financing agreement on April 29, 2024, securing $5.72 million in funding from an investor. The financing is structured in two tranches, with $3 million provided at the initial closing and an additional $2 million contingent on the company's timely filing of its 20-F report among other conditions. The note is a senior secured obligation with an 18-month term and a redemption value set at 105% of the note's amount. Genius Group's subsidiaries have guaranteed the obligations under the note. The company is required to file a resale registration statement within 30 days of closing and have it declared effective within 90 days. Failure to meet this deadline will result in liquidated damages. Repayment of the note will be in 15 equal monthly installments starting from the fourth month after closing. Additionally, the company has issued a five-year warrant for the investor to purchase 8,945,000 ordinary shares at $0.41 per share, with registration rights for these warrants also stipulated.

Genius Group Limited has entered into a secured note financing agreement on April 29, 2024, securing $5.72 million in funding from an investor. The financing is structured in two tranches, with $3 million provided at the initial closing and an additional $2 million contingent on the company's timely filing of its 20-F report among other conditions. The note is a senior secured obligation with an 18-month term and a redemption value set at 105% of the note's amount. Genius Group's subsidiaries have guaranteed the obligations under the note. The company is required to file a resale registration statement within 30 days of closing and have it declared effective within 90 days. Failure to meet this deadline will result in liquidated damages. Repayment of the note will be in 15 equal monthly installments starting from the fourth month after closing. Additionally, the company has issued a five-year warrant for the investor to purchase 8,945,000 ordinary shares at $0.41 per share, with registration rights for these warrants also stipulated.