Genius Group Secures 99.97% Shareholder Approval for Entrepreneur Resorts Acquisition.

Genius Group (GNS) has finalized its acquisition of Entrepreneur Resorts (ERL) with 99.97% shareholder approval. The all-stock deal involves exchanging 50 million GNS shares for each ERL share. The acquisition is expected to drive a 50% revenue growth by 2025, positioning Genius Group for robust financial performance.

Genius Group Limited (GNS) has finalized its acquisition of Entrepreneur Resorts Ltd (ERL) with 99.97% shareholder approval. The all-stock deal involves exchanging 50 million GNS shares for each ERL share [1]. This acquisition is expected to drive a 50% revenue growth by 2025, positioning Genius Group for robust financial performance.

The acquisition allows Genius Group to expand its "Genius City" model by reintegrating ERL’s entrepreneur cafés and resorts. ERL will be rebranded as Genius Resorts as part of the transaction [2]. Following the completion, Genius Group reaffirmed its previously increased 2025 revenue guidance of $15 million to $18 million, up 50% from its original $10 million projection [1].

Genius Group aims to launch 20 Genius Resorts within five years, each targeting average revenue of $5 million. Additionally, the company plans to develop 100 licensed Genius Cities and five owner-managed Genius Cities during the same period [1]. The first fully developed Genius City model will be accelerated in Bali, Indonesia [2].

Genius Group describes itself as a Bitcoin-first education group that provides AI-powered education and acceleration solutions across more than 100 countries, while Entrepreneur Resorts operates co-working and co-learning facilities in various locations globally [1].

References:
[1] https://www.morningstar.com/news/globe-newswire/9503105/genius-group-completes-entrepreneur-resorts-acquisition-reaffirms-previously-issued-50-increase-in-2025-revenue-guidance
[2] https://au.investing.com/news/company-news/genius-group-completes-acquisition-of-entrepreneur-resorts-93CH-3950042