SINGAPORE, Sept. 19, 2023 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announces that it will delist its shares from Upstream, the trading app for digital securities and NFTs powered by Horizon Fintex. The decision to delist the Company from Upstream is due to complex securities regulations arising from the dual listing on Upstream and NYSE. The delisting process was commenced today and will be complete on or about September 29, 2023.
Genius Group will have no further contact with Upstream as a result of this delisting. It will not be involved with or take part in any listing of the shares of its spun off subsidiary, Entrepreneur Resorts Ltd (“ERL”) on Upstream or any other exchange, which will be the sole responsibility of ERL.
Shareholders that currently have their shares on the Upstream platform will have their shares transferred back to the Company’s transfer agent, Vstock Transfer, on or before the 29th. To initiate a transfer immediately, Open Upstream, Tap Investor, Withdraw Securities. Enter the Ticker Symbol “GNS” and the Number of Shares you wish to withdraw, then tap Submit GNS’s transfer agent Vstock Transfer will receive your shares immediately and will hold them in digital book entry in your name. Vstock will provide shareholders via regular U.S. mail a DRS Advice (Statement) that shows the shares are now held at the transfer agent in book entry. If you would like to move the shares back to your US brokerage account you will need to contact your broker, provide them with a copy of your DRS Advice and have them request that the transfer agent send back your shares. They will provide you with appropriate forms to complete.
About Genius Group
Genius Group is a leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed. Through its learning platform, GeniusU, the Genius Group has a member base of 4.5 million users in 200 countries, ranging from early age to 100.
For more information, please visit https://www.geniusgroup.net/
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