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0 -0.0084783578759483 0.0327978580990629 0.0189647478804105 0.0307898259705488 0.00423917893797415 -0.0180722891566265 0.0263275323516287
Stock impact report

Genius Group Release Additional Details of FatBrain AI Transaction [Yahoo! Finance]

Genius Group Limited Ordinary Shares (GNS) 
Company Research Source: Yahoo! Finance
edtech and education group, released today additional details on their recently announced transaction 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: Deal Structure: The transaction was the purchase of selected FatBrain AI assets and liabilities by Genius Group in an all-share transaction, through the purchase of the stock of a FatBrain subsidiary which is held by Genius as a wholly owned subsidiary, and no merger into Genius has taken place. Post-Transaction Revenue, Profit: Following the transaction, Genius Group's 2023 pro forma revenue is expected to grow approximately 150%, with 2023 pro forma revenue guidance growing to an estimated $76 million to $80 million. Genius Group's 2023 pro forma net profit is expected to grow approximately 150%, with 2023 pro forma net profit guidance growing to an estimated $7 million to $9 million (all Show less Read more
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