{"id":954274,"date":"2026-04-23T09:27:16","date_gmt":"2026-04-23T13:27:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-identifies-30-1-million-shares-to-be-retired-and-removed-from-public-float\/"},"modified":"2026-04-23T09:27:16","modified_gmt":"2026-04-23T13:27:16","slug":"genius-group-identifies-30-1-million-shares-to-be-retired-and-removed-from-public-float","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genius-group-identifies-30-1-million-shares-to-be-retired-and-removed-from-public-float\/","title":{"rendered":"Genius Group Identifies 30.1 Million Shares to be retired and removed from Public Float."},"content":{"rendered":"
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\n The 30.1 Million Shares from the Company\u2019s ERL Share Count Exercise and ICC Arbitration Win is equivalent to 25.8% of the Company\u2019s Public Float.<\/i>
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\n SINGAPORE, April 23, 2026 (GLOBE NEWSWIRE) — <\/strong>
\n Genius Group Limited<\/a> (NYSE American: GNS) (\u201cGenius Group\u201d or the \u201cCompany\u201d), a leading AI-powered education group, today announced that further to completion of its ERL Share Count Exercise and the Company\u2019s recently announced ICC Arbitration Win, it has identified a combined 30.1 million shares of Company common stock that it plans to move into trust or treasury, with the intention to permanently retire and remove them from its public float. All 30.1 million shares are currently held by its transfer agent, VStock Transfer LLC (\u201cVStock\u201d).<\/p>\n

The 30.1 million shares comprise 17.3 million unclaimed shares from the Company\u2019s Asset Purchase Agreement with Entrepreneur Resorts Ltd (\u201cERL\u201d) currently held at VStock, 5.5 million GNS shares payable to Genius Group for its prior shareholding in ERL to be returned to the Company\u2019s treasury, and 7.4 million shares awarded to the Company by the International Chamber of Commerce (\u201cICC\u201d) in its arbitration proceeding against LZG International, Inc, to be released from Vstock to the Company\u2019s treasury pending final agreement between parties or court order.<\/p>\n

The Company intends to retire and remove the 30.1 Million Shares from the Company\u2019s public float, with the intention to eventually move all shares to treasury and subsequently to be cancelled as soon as practical, which will result in significantly reducing the Company\u2019s public float and total shares outstanding, benefiting existing shareholders.<\/p>\n

Whilst the final amount to be retired and removed may change, based on whether any further claimants of unclaimed ERL shares are identified or whether the shares from the ICC arbitration win are subject to appeal by opposing parties and remain in escrow until resolved, the Company currently believes any future change to this number will not be material.<\/p>\n

Excluding the 30.1 million abovementioned shares and excluding 30.4 million shares owned by insiders and held as restricted book entry form at VStock, and including the shares issued pursuant to the investment led by American Ventures LLC on April 16, 2026, the Company\u2019s remaining Public Float is 116.7 million shares.<\/p>\n

The 30.1 million shares is equivalent to 25.8% of the Company\u2019s public float.<\/p>\n

Roger James Hamilton, Founder and CEO of Genius Group, commented \u201cThe completion of our ERL Share Count Exercise and our ICC arbitration win represent significant milestones in our ongoing efforts to protect shareholder interests and strengthen our share structure. Our plan to retire and remove these 30.1 million shares will meaningfully reduce our total shares outstanding and public float, for the benefit of our shareholders.\u201d<\/i><\/p>\n

\n ERL Share Count Exercise<\/b>\n <\/p>\n

On January 12, 2026, the Company announced a Share Count Date of February 13, 2026, to resolve a significant discrepancy in GNS shares held by brokers following the ERL spin-off in August 2023. The Share Count Exercise has now been completed with the following results:<\/p>\n