Genius Group Board approves shareholder dividend, Bitcoin purchase from proceeds of future legal wins.
Genius Group (NYSE American: GNS), an AI-powered education company, has announced its Board's approval of a distribution plan for future legal settlement proceeds. The company is pursuing two major legal cases with combined damages exceeding $1 billion.
The first case is a RICO complaint seeking $750 million in damages against LZGI International officers. The second is an upcoming lawsuit alleging naked short selling with damages initially calculated at $251.3-262.7 million for 2023, with potentially higher amounts for 2024-2025.
The Board has approved a 50/50 distribution plan for net proceeds: half will be distributed to shareholders as special dividends, and half will be used to purchase Bitcoin for the company's Treasury.
Genius Group (NYSE American: GNS), un'azienda educativa potenziata dall'intelligenza artificiale, ha annunciato l'approvazione da parte del Consiglio di Amministrazione di un piano di distribuzione per i futuri proventi derivanti da accordi legali. L'azienda sta portando avanti due cause legali importanti con danni complessivi superiori a 1 miliardo di dollari.
Il primo caso riguarda una denuncia RICO che richiede 750 milioni di dollari di danni contro i dirigenti di LZGI International. Il secondo è una causa imminente che accusa vendite allo scoperto abusive, con danni inizialmente stimati tra 251,3 e 262,7 milioni di dollari per il 2023, con possibili importi maggiori per il 2024-2025.
Il Consiglio ha approvato un piano di distribuzione 50/50 per i proventi netti: metà sarà distribuita agli azionisti come dividendi straordinari, e l'altra metà sarà utilizzata per l'acquisto di Bitcoin per la Tesoreria della società.
Genius Group (NYSE American: GNS), una empresa educativa impulsada por inteligencia artificial, ha anunciado la aprobación por parte de su Junta Directiva de un plan de distribución para los futuros ingresos provenientes de acuerdos legales. La compañía está llevando adelante dos casos legales importantes con daños combinados que superan los 1.000 millones de dólares.
El primer caso es una demanda RICO que busca 750 millones de dólares en daños contra los directivos de LZGI International. El segundo es una demanda próxima que alega ventas en corto desnudas, con daños inicialmente calculados entre 251,3 y 262,7 millones de dólares para 2023, con posibles montos mayores para 2024-2025.
La Junta ha aprobado un plan de distribución 50/50 para los ingresos netos: la mitad se distribuirá a los accionistas como dividendos especiales, y la otra mitad se usará para comprar Bitcoin para la Tesorería de la empresa.
Genius Group (NYSE American: GNS)는 AI 기반 교육 회사로서, 이사회가 향후 법적 합의금 수익 분배 계획을 승인했다고 발표했습니다. 회사는 총 손해액이 10억 달러를 초과하는 두 건의 주요 소송을 진행 중입니다.
첫 번째 소송은 LZGI International 임원들을 상대로 한 7억 5천만 달러 손해배상 청구 RICO 소송입니다. 두 번째 소송은 2023년 손해액이 2억 5,130만~2억 6,270만 달러로 산정된 무차입 공매도 혐의를 다루는 예정된 소송이며, 2024~2025년에는 더 큰 손해액이 예상됩니다.
이사회는 순수익에 대해 50/50 분배 계획을 승인했으며, 절반은 특별 배당금으로 주주에게 분배되고 나머지 절반은 회사 금고를 위한 비트코인 구매에 사용됩니다.
Genius Group (NYSE American : GNS), une entreprise éducative alimentée par l'IA, a annoncé l'approbation par son conseil d'administration d'un plan de distribution des futurs produits issus de règlements judiciaires. La société poursuit deux affaires juridiques majeures avec des dommages-intérêts combinés dépassant 1 milliard de dollars.
La première affaire est une plainte RICO réclamant 750 millions de dollars de dommages-intérêts contre des dirigeants de LZGI International. La seconde est un procès à venir alléguant des ventes à découvert abusives, avec des dommages initialement estimés entre 251,3 et 262,7 millions de dollars pour 2023, avec des montants potentiellement plus élevés pour 2024-2025.
Le conseil d'administration a approuvé un plan de distribution 50/50 pour les produits nets : la moitié sera distribuée aux actionnaires sous forme de dividendes exceptionnels, et l'autre moitié sera utilisée pour acheter du Bitcoin pour la trésorerie de l'entreprise.
Genius Group (NYSE American: GNS), ein KI-gestütztes Bildungsunternehmen, hat die Genehmigung des Vorstands für einen Verteilungsplan der zukünftigen Erlöse aus Rechtsstreitigkeiten bekanntgegeben. Das Unternehmen verfolgt zwei bedeutende Rechtsfälle mit Gesamtschäden von über 1 Milliarde US-Dollar.
Der erste Fall ist eine RICO-Klage mit Schadensersatzforderungen in Höhe von 750 Millionen US-Dollar gegen Führungskräfte von LZGI International. Der zweite ist eine bevorstehende Klage wegen illegaler Leerverkäufe, mit anfänglich berechneten Schäden von 251,3 bis 262,7 Millionen US-Dollar für 2023 und möglicherweise höheren Beträgen für 2024-2025.
Der Vorstand hat einen 50/50-Verteilungsplan für die Nettoserlöse genehmigt: Die Hälfte wird als Sonderdividende an die Aktionäre ausgeschüttet, die andere Hälfte wird zum Kauf von Bitcoin für die Unternehmens-Treasury verwendet.
- None.
- No guarantee on the final outcome of either legal case
- Uncertain timeframes for legal proceedings and potential recovery
- Legal fees, recovery fees, and taxes will reduce the net proceeds available for distribution
- Distribution plan subject to regulatory approval from SEC, NYSE, and Singapore law
SINGAPORE, June 26, 2025 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that its Board of Directors have approved a distribution plan from the proceeds of any and all future legal wins, with net proceeds divided equally for distribution to shareholders and purchase of Bitcoin for its Bitcoin Treasury.
Genius Group’s CEO, Roger Hamilton said “The Company has two legal cases, one filed and one pending, in which we are seeking combined damages of over
The Company currently has filed a complaint under the Racketeer Influenced and Corrupt Organizations Act (RICO), in the United States District Court, Southern District of Florida against Peter Ritz and Michael Moe as the controlling officers and directors of LZGI International, Inc (“LZG”) and against Michael Carter and John Clayton, seeking damages of over
The Company also has an upcoming lawsuit alleging naked short selling and evidence of spoofing against certain parties, led by Wes Christian of Christian Attar, with alleged damages calculated at between
Whilst there is no guarantee on the final outcome of either case, the time frames of the cases or on the amount of damages that the Company may win or recover, in the event that the Company is successful in recovering any damages, the Board has agreed to the following distribution:
- Distribution of
50% of any net damages recovered by way of special dividend to shareholders, to be issued once any net damages have been recovered. - Investment of
50% of any net damages recovered in purchasing Bitcoin for the Company’s Bitcoin Treasury, to be purchased once any net damages have been recovered.
In the event there are multiple instances of damage recovery, the distribution will apply to each instance. Net damages will be damages received by the Company net of legal fees, recovery fees and tax. Any and all distributions will be subject to applicable rules by the relevant regulatory bodies including the SEC, NYSE and Singapore law.
About Genius Group
Genius Group (NYSE: GNS) is an AI powered education group with a Bitcoin-first treasury, delivering education and acceleration solutions for the future of work. Genius Group serves 5.8 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit https://www.geniusgroup.ai/
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. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
Contacts
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Contact Genius Group: investor@geniusgroup.ai
FAQ
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