Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
today announced its approval to dual list its shares on Upstream,
the revolutionary trading app for digital securities and NFTs
powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited
(“MERJ”). Trading begins on Upstream April 6th, 2023 at 10:00am ET
under the ticker symbol GNS.
The dual listing on Upstream is designed to
provide Genius Group the opportunity to access a global,
digital-first investor base that can trade using USDC digital
currency along with credit, debit, PayPal, and USD, unlocking
liquidity and enhancing price discovery while globalizing the
opportunity to invest in Genius Group.
Global investors can get ready to trade by
downloading Upstream from their preferred app store at
https://upstream.exchange/, creating an account by tapping sign up,
and completing a simple KYC identity verification by tapping the
settings icon on the home screen and tapping KYC.*
Existing shareholders may transfer their shares
by opening Upstream, tapping Investor, Manage Securities, Deposit
Securities, then entering the ticker symbol ‘GNS’ and the amount of
shares to deposit, and tapping Submit. Next, enter your brokerage
firm name and brokerage account number, and tap Submit. Finally,
tap Add E-Signature, sign your name on the screen using your
finger, tap Done, and then tap Sign.
After completion of the deposit request on
Upstream, shareholders will receive via email an executed
deposit form to submit to their current brokerage firm to initiate
a withdraw to the transfer agent. Shares will not be
transferred without notifying the current broker and requesting a
withdraw. On listing day, shareholders will receive a push
notification once the shares are deposited and available for
trading on Upstream.
Details on the Genius Group listing, how
shareholders can deposit shares and trade on Upstream, and how to
claim the free commemorative NFT can be found on Genius Group’s
Investor Relations website. The Upstream market is open 5 days a
week 20 hours a day, Monday to Friday: 10:00am to 06:00am UTC+4
(1:00am to 9:00pm EST).
Traders on Upstream’s blockchain-powered
platform will experience real-time trading and settlement and a
transparent orderbook which does not permit common market
manipulations. On listing day, Upstream participants will be
eligible to claim a free digital collectible (NFT) memorializing
the dual listing on Upstream. Shareholders may also be entitled to
participate in future digital promotions which may be redeemed for
products, services, or experiences for added value.
Roger Hamilton, CEO of Genius Group, commented,
“Building shareholder value is an ongoing goal of ours and we
believe a dual listing on Upstream will unlock liquidity and
enhance price discovery for our shareholders”.
About Genius Group
Genius Group is a world leading entrepreneur
Edtech and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed in today’s market. The
group has a group user base of 4.3 million users in 200 countries,
ranging from ages 0 to 100.
For more information, please visit
https://www.geniusgroup.net/
About Upstream
Upstream, a MERJ Exchange Market
(merj.exchange), is a fully regulated global stock exchange for
digital securities and NFTs. Powered by Horizon's proprietary
blockchain-powered matching engine technology, the platform enables
users to trade NFTs, and invest in securities for IPOs, crowdfunded
companies, U.S. & international equities, and celebrity
ventures using the Upstream app. For more information, please visit
https://upstream.exchange/. Upstream is currently accepting
applications to dual list at
https://upstream.exchange/getlisted.
Disclaimers
This press release shall not constitute an offer
to sell securities or the solicitation of an offer to buy
securities in any jurisdiction where such offer or solicitation is
not permitted.
Upstream and Issuers do not charge for share
transfers, however, transfer agents may charge investors for share
transfers. Such fees are standard in the industry and if a fee is
required, the transfer agent will alert the investor of such
charges and how to pay via credit card, check or wire.
Discount coupon NFTs received are redeemable for
iGEMs, equivalent to $10 per share, however the NFTs have no
royalties, equity ownership, or dividends. NFTs are for utility,
collection, redemption or display purposes only.
NFTs received have no economic value, royalties,
equity ownership, or dividends. NFTs are for utility, collection,
redemption and display only.
*If you are a U.S. or Canadian-based citizen or
permanent resident that has invested in a company that's listed on
Upstream, you may transfer your shares to Upstream and sell them on
Upstream’s trading app for liquidation purposes only. You are not
permitted to purchase shares of other companies listed on Upstream
at this time. Anyone may buy and sell NFTs on Upstream.
If funding Upstream with an ACH or wire bank
payment, users must complete Upstream's in-app KYC process to get
their new, FDIC insured, Upstream U.S. bank account details via
email. Users may then initiate a funds-transfer from their bank or
financial institution to this new U.S. Dollar bank account. If you
haven't completed KYC yet, or didn't select ‘Bank' as the ‘Deposit
From' option when you completed the process initially, then please
go through KYC again selecting the ‘Bank' payment method. Users may
complete the simple KYC process by tapping the settings icon and
the KYC option inside the Upstream app.
Upstream is a MERJ Exchange market. MERJ
Exchange is a licensed Securities Exchange, an affiliate of the
World Federation of Exchanges, and a full member of ANNA. MERJ
supports global issuers of traditional and digital securities
through the entire asset life cycle from issuance to trading,
clearing, settlement, and registry. It operates a fair and
transparent marketplace in line with international best practices
and principles of operations of financial markets. Upstream does
not endorse or recommend any public or private securities bought or
sold on its app. Upstream does not offer investment advice or
recommendations of any kind. All services offered by Upstream are
intended for self-directed clients who make their own investment
decisions without aid or assistance from Upstream. All customers
are subject to the rules and regulations of their jurisdiction. By
accessing the site or app, you agreed to be bound by its terms of
use and privacy policy. Company and security listings on Upstream
are only suitable for investors who are familiar with and willing
to accept the high risk associated with speculative investments,
often in early and development stage companies. There can be no
assurance the valuation of any particular company's securities is
accurate or in agreement with the market or industry comparative
valuations. Investors must be able to afford market volatility and
afford the loss of their investment. Companies listed on Upstream
are subject to significant ongoing corporate obligations including,
but not limited to disclosure, filings, and notification
requirements, as well as compliance with applicable quantitative
and qualitative listing standards.
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described in our most recent Annual Report on Form 20-F
for the fiscal year ended December 31, 2021, filed with the SEC on
May 13, 2022. If any of these risks were to occur, our business,
financial condition or results of operations would likely suffer.
In that event, the value of our securities could decline, and you
could lose part or all of your investment. The risks and
uncertainties we describe are not the only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations. In
addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. See “Forward-Looking
Statements” below.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company’s Annual Reports on Form
20-F, as may be supplemented or amended by the Company’s Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
Investors:Flora Hewitt, Vice President of Investor Relations and
Mergers and AcquisitionsEmail: investor@geniusgroup.net
Media Contacts: Adia PREmail: gns@adiapr.co.uk
US Investors: Dave GentryRedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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