Genius Group Provides Update On Outstanding Convertible Debt, Says Outstanding Balance Of The $18.13M Senior Secured Convertible Note Signed In August 2022 Has Been Reduced To Current Balance Of $53,344
Portfolio Pulse from Benzinga Newsdesk
Genius Group has announced that the outstanding balance of the $18.13M Senior Secured Convertible Note signed in August 2022 has been reduced to a current balance of $53,344.
September 08, 2023 | 11:07 am
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POSITIVE IMPACT
Genius Group's significant reduction of its outstanding convertible debt balance could be seen as a positive sign of financial health, potentially impacting the company's stock positively in the short term.
Reducing debt is generally seen as a positive move for a company as it decreases financial risk and interest expenses. This could make the company more attractive to investors, potentially leading to an increase in stock price.
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