Genius Group ExercisesCertain Outstanding Series 2024-C Warrants To Purchase Up To An Aggregate Of 10,950,451 Of The Co's Shares Originally Issued In January 2023, At The Current Exercise Price Of $0.35 Per Share For $3.8M Of Gross Proceeds
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Genius Group Limited (NYSE:GNS) announced the exercise of Series 2024-C warrants to purchase up to 10,950,451 shares at $0.35 per share, generating $3.8 million in gross proceeds. The company will issue new Series 2024-D and Series 2024-E warrants as part of the agreement.
May 20, 2024 | 12:22 pm
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Genius Group Limited (NYSE:GNS) has exercised Series 2024-C warrants to purchase up to 10,950,451 shares at $0.35 per share, raising $3.8 million in gross proceeds. The company will issue new Series 2024-D and Series 2024-E warrants as part of the agreement.
The exercise of warrants and the issuance of new ones will provide Genius Group with immediate capital, which is likely to be viewed positively by investors. The stock price may see a short-term increase due to the influx of funds and the potential for future growth.
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