Genius Group, which provides online and in-person entrepreneur education services, raised $20 million by offering 3.3 million shares at $6, the high end of the range of $5 to $6. The company originally planned to raise $40 million by offering 7.3 million shares at that range, before cutting the share offering by 55% in late March.
Genius Group is an entrepreneur education technology company with approximately 1.9 million students in 191 countries spanning all age groups. The company aims to provide students with leadership, entrepreneurial, and life skills. Genius Group booked $9.5 million in revenue for the 12 months ended June 30, 2021.
Genius Group plans to list on the NYSE American under the symbol GNS. Boustead Securities acted as sole bookrunner on the deal.
