Genius Group Reveals Pricing of $8.25M Public Offering Of 23.57M Of Company's Ordinary Shares, Closing Of The Offering Is Expected To Occur On Or About January 17, 2024
Portfolio Pulse from Benzinga Newsdesk
Genius Group announced the pricing of its public offering at $8.25 million, consisting of 23.57 million of the company's ordinary shares. The expected closing date of the offering is on or about January 17, 2024.
January 12, 2024 | 11:03 am
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Genius Group's public offering may dilute existing shareholders but could provide the company with needed capital. The offering is set at $8.25 million for 23.57 million shares.
The announcement of a public offering often leads to short-term negative sentiment as it can dilute the value of existing shares. However, the capital raised can be beneficial for the company's growth and financial stability. The impact is likely negative in the short term due to potential dilution.
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IMPORTANCE 75
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