Genius Group Limited (GNS) has released an update.
Genius Group Limited is set to hold an Extraordinary General Meeting (EGM) on 18 September 2024 to seek shareholder approval for a share consolidation plan, aiming to condense every 3-100 ordinary shares into one single share. The consolidation is intended to create a more appealing capital structure and attract a broader range of investors, including institutional ones, by addressing issues such as share price volatility and market perception. The proposed reorganization follows a previous consolidation and will affect all forms of equity, including options and warrants, to maintain proportional interests.
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