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Genius Group | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

Genius Group | 6-K:外國發行人報告

SEC announcement ·  03/07 05:35
牛牛AI助理已提取核心訊息
On March 6, 2024, Genius Group Limited reported the closure of its subsidiary, the University of Antelope Valley (UAV), and the initiation of legal action against the sellers of UAV, Marco and Sandra Johnson. The UAV Board of Trustees and management are coordinating with educational authorities to ensure a smooth transition for students to complete their studies. Despite the closure, Genius Group does not anticipate a material impact on its financials, maintaining its 2024 revenue guidance of $58.0 million to $60.0 million and adjusted EBITDA of $2.5 million to $3.0 million. The company is shifting its revenue model from campus-based to online. Genius Group is also pursuing a civil suit against the Johnsons for issues related to the UAV campus, including overcharging rent and failing to maintain the property, which led to an eviction notice and subsequent campus evacuation. The company has provided over $4 million in funding to UAV since the acquisition and will continue with the lawsuit to seek legal remedies.
On March 6, 2024, Genius Group Limited reported the closure of its subsidiary, the University of Antelope Valley (UAV), and the initiation of legal action against the sellers of UAV, Marco and Sandra Johnson. The UAV Board of Trustees and management are coordinating with educational authorities to ensure a smooth transition for students to complete their studies. Despite the closure, Genius Group does not anticipate a material impact on its financials, maintaining its 2024 revenue guidance of $58.0 million to $60.0 million and adjusted EBITDA of $2.5 million to $3.0 million. The company is shifting its revenue model from campus-based to online. Genius Group is also pursuing a civil suit against the Johnsons for issues related to the UAV campus, including overcharging rent and failing to maintain the property, which led to an eviction notice and subsequent campus evacuation. The company has provided over $4 million in funding to UAV since the acquisition and will continue with the lawsuit to seek legal remedies.
2024年3月6日,Genius Group Limited報告稱,其子公司羚羊谷大學(UAV)已關閉,並對無人機賣方馬可和桑德拉·約翰遜提起法律訴訟。無人機董事會和管理層正在與教育當局進行協調,以確保學生順利完成學業。儘管關閉,但Genius集團預計不會對其財務狀況產生重大影響,維持其2024年的收入預期爲5,800萬美元至6,000萬美元,調整後的息稅折舊攤銷前利潤爲250萬至300萬美元。該公司正在將其收入模式從校園轉向線上。Genius Group還就與無人機校園相關的問題對約翰遜一家提起民事訴訟,包括超額收取租金和未能維護房產,這導致了驅逐通知和隨後的校園撤離。自收購以來,該公司已向無人機提供了超過400萬美元的資金,並將繼續提起訴訟以尋求法律補救措施。
2024年3月6日,Genius Group Limited報告稱,其子公司羚羊谷大學(UAV)已關閉,並對無人機賣方馬可和桑德拉·約翰遜提起法律訴訟。無人機董事會和管理層正在與教育當局進行協調,以確保學生順利完成學業。儘管關閉,但Genius集團預計不會對其財務狀況產生重大影響,維持其2024年的收入預期爲5,800萬美元至6,000萬美元,調整後的息稅折舊攤銷前利潤爲250萬至300萬美元。該公司正在將其收入模式從校園轉向線上。Genius Group還就與無人機校園相關的問題對約翰遜一家提起民事訴訟,包括超額收取租金和未能維護房產,這導致了驅逐通知和隨後的校園撤離。自收購以來,該公司已向無人機提供了超過400萬美元的資金,並將繼續提起訴訟以尋求法律補救措施。

譯文內容由第三人軟體翻譯。


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