During this period, Hamilton became the founding chairman of the Green School in Bali, Indonesia, which led to the creation of GeniusU as an edtech solution in 2015.
[5][3] Genius Group acquired Entrepreneur Resorts Limited for $31 million in 2020, which continued to be a publicly listed company on the Seychelles MERJ exchange.
[5] Genius Group registered as a foreign issuer of a security and held its IPO on the NYSE American on April 12, 2022, where the company is traded under the stock ticker symbol GNS.
[12][5] In August 2023, Genius Group conducted a corporate spin-off of Entrepreneur Resorts Limited and distributed shares of ERL to investors.
[20][5][21] GeniusU Limited is the edtech company that provides personalized learning and global community to the rest of the group.
It is a South Africa-based school campus with pre-primary, primary, secondary, and vocational college education for students with a focus on entrepreneurship.
It is a Utah-based film production company led by Jeff Hays and Patrick Gentempo which creates documentaries and docu-series.
[36][37] On February 27, 2023, Genius Group filed a lawsuit against Ayrton Capital in the United States District Court Southern District of New York, claiming that Ayrton acted as an unregistered dealer in an unlawful scheme to acquire millions of shares of Genius Group at discounted prices in order to sell them at a profit.
[45] Two weeks later in October 2023, company executives provided an additional $2 million in the form of both interest-free loans and earnings converted to equity.
[46] In January 2024, Genius Group conducted a public offering of shares and warrants with gross proceeds to the company of $8.25 million.
[47] In November 2022, Genius Group claimed that it had been the target of market manipulation which had adversely affected its share price, and, in response, retained two law firms, Christian Attar and Warshaw Burstein, LLP.
[48][49] Genius Group hired ShareIntel CEO David Wenger and Tom Ronk of BuyIns.net to analyze its stock trading data in order to identify market manipulation.
[50] On January 18, 2023, Genius Group appointed its board member and former FBI Deputy Director Timothy Murphy to lead a task force to investigate market manipulation and naked short selling of its stock.
[60][61][50] Toward this end, in February 2023, Genius Group issued a ten dollar non-fungible token (NFT) digital discount coupon per share on the Upstream Exchange, a traceable and transparent blockchain-based trading service where short selling is not allowed.
[65] Concurrently with issuing the NFT coupon, Genius Group dual listed its shares on Upstream, where it began trading in April 2023 under the ticker symbol GNS.
[70] On January 30, 2023, Genius Group announced that it would spin off a portion of its assets, Entrepreneur Resorts Limited (ERL), as a separate company on the Upstream exchange, and, in August 2023, the Singapore High Court approved the spin-off.
[76] On June 22, 2023, Forbes discredited Genius Group's attorney Wes Christian, calling his efforts around naked short selling and market manipulation a conspiracy theory.
[77] 2023 - Winner - Real Leaders Impact Awards[78][79] 2022 - Named Top 10 Emerging Giant in Singapore by KPMG & HSBC[80][81] In August 2023, the University of Antelope Valley was placed on probation by its accrediting agency, the Western Association of Schools and Colleges Senior College and University Commission (WSCUC), one year after being acquired by Genius Group.
WSCUC cited issues with the university's leadership, financial strength, enrollment, student success, and communication.
[85][86] In December 2023, the Department of Education placed the university on heightened cash monitoring 2 status, and UAV lost its president abruptly.