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Genius Group Spurs Stock Buyback, Shares Rocket

  • Genius Group Limited (NYSE: GNS) announced a share buyback program and bought back one million shares of its stock at an average price of $1.30 per share.
  • Shareholders approved a buyback mandate allowing the company to repurchase up to 20% of its issued ordinary shares over the next 12 months or until the next AGM.
  • The Board authorized the CEO to execute the buyback, resulting in the repurchase of one million shares at $1.30 per share.
  • As a result of the buyback news, GNS shares surged by 15% to $1.61 on Thursday.

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