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SINGAPORE - Genius Group Limited (NYSE American:GNS) issued a statement Wednesday addressing unusual trading activity in its shares, confirming no undisclosed material developments in its business.
On May 27, the company’s share price rose from $0.24 to a high of $0.52, representing an approximately 116% intra-session increase, with about 60 million shares traded after normal hours. On May 28, shares ranged from $0.25 to $0.36, with approximately 287 million shares traded, about 19,200% higher than the previous five-day average trading volume of 7.82 million shares. The stock currently trades at $0.27, contributing to a one-week return of nearly 17%, according to InvestingPro data. InvestingPro Tips highlight that the stock "generally trades with high price volatility," which helps explain the dramatic price swings.
The company stated it is not aware of any reason for the unusual market activity and is not engaged in any undisclosed transactions involving shareholders, directors, officers or the company itself.
Genius Group referenced recent public disclosures, including a May 27 announcement that its Board of Directors approved an AI Treasury Strategy with plans to invest up to $100 million in what it calls an AGI Infinity Portfolio. The portfolio includes pre-IPO exposure to SpaceX, OpenAI, Anthropic, Figure AI, Databricks, Anduril, Replit and Shield AI. The ambitious investment plan is notable given the company’s $52.56 million market capitalization and the fact that shares remain 86% below their 52-week high of $1.92. For deeper insights into GNS’s financial health and 13 additional InvestingPro Tips, investors can access the comprehensive Pro Research Report available exclusively to subscribers.
On May 28, the company announced the conclusion of the first round of its Bitcoin Loyalty Program, with qualifying shareholders who held shares from November 29, 2025 through May 28, 2026 to receive a bonus of $0.10 per share, payable in Bitcoin or cash. A second round commences June 1.
The company has engaged Shareholder Intelligence Services since December 2022 to monitor trading activity for suspicious or unusual movements. Genius Group requested analysis of the specific trading activity for May 27 and 28 and stated it reserves all rights regarding any trading determined to be unlawful or manipulative.
Management scheduled an investor presentation webcast for Tuesday, June 2, 2026, at 9:00 am Eastern Time to discuss its treasury strategy.
The information is based on a press release statement.
In other recent news, Genius Group Limited reported a significant 171% increase in first-quarter revenue year-over-year, with gross profit growth reaching 228% to $2.0 million and a positive Adjusted EBITDA of $0.6 million. The company also announced an ambitious $100 million AI investment strategy, which includes the launch of an AGI Infinity Portfolio. This investment will initially focus on pre-IPO exposure to companies such as SpaceX, OpenAI, and others, with $20 million allocated to pre-IPO stock access and $80 million for the broader AI ecosystem. Additionally, Genius Group won an ICC arbitration against LZG International, securing the return of 7,387,374 shares of its common stock and $7,971,168.53 in cash.
In another development, Genius Group completed an $8 million registered direct offering, selling over 21 million ordinary shares and pre-funded warrants. This transaction was facilitated by D. Boral Capital LLC as the exclusive placement agent. Meanwhile, Genius Sports Limited reported fourth-quarter results that fell short of earnings expectations, although revenue surpassed analyst estimates. These recent developments highlight the diverse activities and financial maneuvers of Genius Group and Genius Sports in the market.
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