Genius Group (GNS) founder converts 10M shares into super-voting Class C stock
Rhea-AI Filing Summary
Genius Group Limited has changed the structure of its share capital by converting founder shares into a new super-voting class. On June 1, 2026, the board approved the conversion of 10 million Class A ordinary shares held by CEO Roger Hamilton into Class C Ordinary Shares.
The new Class C shares carry ten votes per share, are not listed on the NYSE, and will be privately held. This conversion reduces the company’s publicly tradable share count by 10 million shares, concentrating voting power while shrinking the public float.
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Insights
Founder converts 10M public shares into super-voting private stock.
Genius Group converted 10 million Class A ordinary shares held by CEO Roger Hamilton into Class C Ordinary Shares carrying ten votes per share. These Class C shares are not NYSE-listed and will be privately held, shifting them out of the public market.
The move lowers the publicly tradable share count by 10 million, which may affect trading liquidity, while significantly reinforcing founder voting control through the ten-votes-per-share structure. Actual market impact will depend on how the reduced float interacts with investor demand and trading activity over time.
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Registration Statement on Form F-3 regulatory
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