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Genius Group calls EGM to cancel up to 27.4M shares, aiming to boost share value and maintain listing compliance.

Company Fundamentals
13 Nov 2026, 16:00 WIB
GlobeNewsWire
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Bullish
Genius Group calls EGM to cancel up to 27.4M shares, aiming to boost share value and maintain listing compliance.

Genius Group Limited has announced an Extraordinary General Meeting (EGM) on December 29, 2026, to seek shareholder approval for cancelling up to 27.4 million Class A shares. This move follows prior buybacks and aims to reduce the public float, increase the Net Asset Value Per Share (NAVPS), and maintain compliance with NYSE American listing rules. The company is also seeking authority for a potential further share consolidation to support a stronger institutional share structure and its planned dual listing on the Australian Securities Exchange. These steps are part of Genius Group's broader strategy to strengthen its capital structure and support growth initiatives in AI-powered education and data center projects in Australia and Southeast Asia.

Genius Group's share cancellation plan provides context for Technology-sector trading on Pluang. For readers following this sector, here is Pluang's market snapshot as of Nov 13, 2026 19:42 WIB: Among 150 priced US tech stocks, 80 rose and 63 fell. Elastic NV (ESTC) gained 2.18% to USD 91.00 with a typical hold time of 13 days, contrasting with Corsair Gaming Inc (CRSR) which dropped 2.20% to USD 12.01 and Broadcom Inc (AVGO) which fell 2.17% to USD 356.45 despite a 61% buy order activity and a longer typical hold time of 83 days.

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