Genius Group to Retire 30.1M Shares, 25.8% of Public Float

Genius Group announced its intention to retire 30.1 million shares of common stock, equivalent to 25.8% of its public float. These shares, held by VStock Transfer LLC, originate from unclaimed shares from the Entrepreneur Resorts Ltd (ERL) asset purchase agreement and an International Chamber of Commerce (ICC) arbitration win. The company aims to move these shares to treasury and eventually cancel them, which is expected to significantly reduce the public float and total shares outstanding, benefiting existing shareholders.