UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE
13A-16 OR 15D-16 UNDER THE SECURITIES
EXCHANGE
ACT OF 1934
For
the month of January, 2024
Commission
File Number: 001-41353
Genius
Group Limited
(Translation
of registrant’s name into English)
8
Amoy Street, #01-01
Singapore
049950
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ________.
Note:
Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report
to security holders.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ________.
Note:
Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that
the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on
which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to
be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the
subject of a Form 6-K submission or other Commission filing on EDGAR.
Closing
of Public Offering
On
January 17, 2024, Genius Group Limited issued a press release regarding the closing of an $8.25 million public offering. The press release
is filed herewith as Exhibit 99.1.
The
information in this Current Report on Form 6-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections
11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Current Report and in Exhibit 99.1 to this
Current Report shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after
the date hereof, regardless of any general incorporation language in such filing.
Exhibit
Index
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
GENIUS
GROUP LIMITED |
| |
|
|
| Date:
January 17, 2024 |
|
|
| |
By: |
/s/
Roger James Hamilton |
| |
Name: |
Roger
James Hamilton |
| |
Title: |
Chief
Executive Officer and Chairman
(Principal
Executive Officer) |
Exhibit
99.1
Genius
Group Announces Closing of $8.25 Million Public Offering
SINGAPORE,
January 17, 2024 – Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading
entrepreneur edtech and education group, today announced the closing of its previously announced public offering of 23,571,429 of the
Company’s ordinary shares, Series 2024-A warrants (“Series 2024-A Warrants”) to purchase up to 23,571,429 of the Company’s
ordinary shares and Series 2024-C warrants (“Series 2024-C Warrants”) to purchase up to 23,571,429 of the Company’s
ordinary shares, at a combined offering price of $0.35 per ordinary share and associated warrants. The Series 2024-A Warrants have an
exercise price of $0.35 per ordinary share and are immediately exercisable upon issuance for a period of five years following the date
of issuance. The Series 2024-C Warrants have an exercise price of $0.35 per ordinary share and are immediately exercisable upon issuance
for a period of 18 months following the date of issuance.
H.C.
Wainwright & Co. acted as the exclusive placement agent for the offering.
The
gross proceeds to the Company from the offering were approximately $8.25 million, before deducting the placement agent’s fees and
other offering expenses payable by the Company. Mr. Roger Hamilton, our chief executive officer and chairman of the board of directors,
converted approximately $1 million of his outstanding loan to the Company into the securities offered in the public offering at the same
terms and conditions, which amount was included in the gross proceeds from the offering. The Company intends to use the net proceeds
from the offering for general corporate purposes, including working capital, operating expenses, debt repayment and to support acquisitions.
The
securities described above were offered pursuant to a registration statement on Form F-1 (File No. 333-273841) originally filed with
the Securities and Exchange Commission (“SEC”) on August 9, 2023, as amended, and declared effective by the SEC on January
11, 2024. The offering was made only by means of a prospectus, which forms a part of the effective registration statement. Electronic
copies of the final prospectus may be obtained for free on the SEC’s website located at http://www.sec.gov and may also
be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711
or e-mail at placements@hcwco.com.
This
press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or other jurisdiction.
About
Genius Group
Genius
Group is a 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. Through its learning
platform, GeniusU, the Genius Group has a member base of 5.4 million users in 200 countries, ranging from early age to 100.
For
more information, please visit https://www.geniusgroup.net/
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, including market and other conditions, 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. Forward-looking
statements in this press release include, without limitation, statements pertaining to the intended use of proceeds from the offering.
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 and the registration statement.
The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events,
new information or otherwise, except as required by law.
Contacts
Investors:
Dave
Gentry
RedChip
Companies Inc
1-800-RED-CHIP
GNS@redchip.com
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