Genius News

Message from Roger

On Tuesday 21st March, we held our online Partner Conference. In last week’s Genius News we shared Roger’s insights from the Conference in using ChatGPT-4 and a whole range of AI tools. 

The conference went on to cover more content including:

- A 3 step Masterplan for becoming an AI powered Educator

- How AI can transform your Education or Community Business.

At Genius Group, our vision is “We develop a global personalized entrepreneur education system that prepares students for the 21st century.”  Our lifelong curriculum provides access to learn from anywhere, anytime, at any age. 

We believe in a Global hybrid education, moving from a system where learning is confined to those with access to school buildings to an inclusive and universal one in which everyone has access to learning globally.

Our entrepreneur education system is being delivered virtually and in-person, in multiple languages, locally and globally through micro schools, camps, colleges, universities and corporate training.

Our global curriculum is based on 3 campuses: Entrepreneur campus, Investor campus and University campus, welcoming an additional 2 million students.

We are hyper focusing on supporting 60 superstar faculty members, content partners and country leaders, 120 faculty partners and city leaders, with a goal of generating $30 million in earnings across our 3 regions.

Here are just some of our faculty content partners:

If you’d like to find out more about becoming a partner with us in the Education Revolution, book a call with one of our Genius Igniters.

If you’d like to catch a replay of the Partner Conference, you can do so here on 4th April at 8am BST or 3pm SGT click here.

Investor News

Wednesday, March 29th  

Genius Group Settles Litigation with Alto Opportunity Master Fund, SPC, Ayrton Capital, LLC and Waqas Khatri

Genius Group today announced it reached an amicable settlement with Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Ayrton Capital, LLC and Waqas Khatri (the "Parties”) and withdrawn the complaint, with prejudice, filed by the Company on February 27, 2023 in the United States District Court Southern District of New York (Case Number 1:23-cv-01639).

All parties have worked diligently together to ensure a mutually beneficial agreement has been reached for the joint benefit of the Company’s shareholders and the Parties’ limited partners.

The summary terms of settlement include:

• The Company acknowledging that it does not believe that Ayrton is an unregistered broker-dealer, has not violated federal securities laws, and has otherwise committed no wrongdoing under the terms of the previously agreed upon August 24, 2022 convertible note financing agreement between the Company and the Parties.
• The Company has opted to make the remainder of monthly payments it owes on the $18 million convertible note in cash over time, to ensure no further dilution of shares. As such, the Company will not be subject to any future installment-related accelerations at a variable price from the note, unless consented to by the Company.
• The Company will deliver to the Parties 13 million ordinary shares relating to the redemption of convertible notes due for the period from January to March 2023.
• The Parties have cancelled convertible notes conversion relating to 36 million of the 49 million shares included within the complaint.
• The Parties will release the remaining $6.5 million of the note currently held in deposit to the Company.
• The Parties will invest in the next bona-fide subsequent offering conducted by the Company, at a range of between $3.7 million to $6.2 million based on the Company’s current share price, the timing of such future raise to be at the Company’s discretion and the final amount within the range at the Parties’ discretion.
• The Company also retains the right to an early redemption of the note, with a 60-day notice period for any such redemption.
• Various restrictions related to the Company’s ability to operate its business were removed, which will enable further flexibility for the Company’s management navigating its strategic direction.
• The Company and the Parties have also reaffirmed their commitment to work together in partnership for the benefit of their respective investors.

Genius Group’s CEO, Roger Hamilton, said, “We are very pleased to have reached a settlement in this matter. All parties have worked hard and shown a high degree of goodwill to find a satisfactory solution for all sides. I look forward to an ongoing and mutually beneficial partnership with Alto, Ayrton and Waqas Khatri.”

Alto and Ayrton Capital’s Principal, Waqas Khatri, said, “We invested in Genius Group as we believed in the Company’s mission, model and management. We are pleased to resolved this matter in a manner that is in the best interests for both our investors and the Company. We look forward to an ongoing partnership with Genius Group.”

The settlement of this complaint remains separate from other legal actions that Genius Group is currently pursuing and will continue to pursue against various parties, which unrelated to this now settled matter and does not include Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Ayrton Capital, LLC and/or Waqas Khatri, for the recovery of damages that the Company believes have occurred due to market manipulation of its shares.

Events

Apr 04 at 8am - 11am

March Partner Conference - REPLAY

A Personalised Roadmap to Boosting Revenue and Impact in the Education Revolution. Register here.

 

Apr 04 at 8pm - 9.30pm BST

Aparthotel webinar with Stuart Scott & Carly Houston

Learn how to create six-figure returns from Aparthotels in 2023. The short-term rental market is facing big changes with government legislation on the horizon to restrict serviced accommodation and Airbnb.  Register your place here.

You can find many more upcoming events listed here.