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Genius Group, Educational Company with AI drive announced On Friday, the offer of rights with plans for additional loans to expand your Bitcoin stake to $ 100 million.
It is significant that the right offer provides existing shareholders to buy additional ordinary shares at a reduced price of $ 0.50 per share, according to the announcement. The recorders of records of January 24, 2025 were granted one portable right for each share they had. These rights can be used to buy a new ordinary share at the price of subscription.
Shareholders who fully execute their subscription rights can buy the remaining undiscovered sections, allowing them to increase their share. However, the sale of rights will take away the possibility of buying additional shares.
Rights are currently trading on Nyse American under the symbol of “GNS RT” and will continue to trade until February 13, 2025.
Twins to use 100% net income
The company plans to use 100% net income from the rights that offer Bitcoin to buy for its Bitcoin Treasury. The company predicts that in case the rights for rights are completely subscribed, revenue is up to $ 33 million.
The company also aims to ensure additional loan financing up to $ 22 million, which could increase its bitcoin shares with approximately $ 45 million to $ 100 million.
It is significant that last November Genius Group announced that he was planning to assign 90% or more of his Bitcoin reserves, with a goal of $ 120 million. If the bid of the rights and the financing of the loan are completely subscribed, the company will reach more than 80% of this goal.
