Genius Group Completes FatBrain AI Merger, 150% Increase in 2023 Combined Proforma Revenue Guidance [Yahoo! Finance]
Genius Group Limited Ordinary Shares (GNS)
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Source: Yahoo! Finance
edtech and education group, and FatBrain AI (“FatBrain AI”) an AI SaaS and Solutions company (OTCMKTS:LZGI) today announced completion of their merger to form an AI-powered Education and Acceleration group to power Sovereign AI ecosystems of tomorrow for entrepreneurs, enterprises, governments and students through AI education and enablement. Following NYSE approval, Genius Group completed the merger, acquiring FatBrain AI in an all-stock transaction. Under the terms of the agreement, Genius Group has acquired the AI software assets, customer relationships and specific operations of FatBrain AI, with an anticipated increase of approximately 150% in the Company's 2023 pro forma revenue guidance to an estimated $76 million to $80 million, and an anticipated increase of $4 million in pro forma net profit guidance to $7 million to $9 million. Genius Group and FatBrain AI together enable a ‘Genius City' exponential growth cycle with their AI edtech platform supporting over five million
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News
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- Genius Group Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program [Yahoo! Finance]Yahoo! Finance
- Genius Group Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication ProgramGlobeNewswire
- Genius Group adds Alan Turing AI Avatar to C-Suite of Avatars as it disrupts education model [Yahoo! Finance]Yahoo! Finance
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- 9/29/23 - Miss
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- 4/26/24 - Form 6-K
- GNS's page on the SEC website