Genius Group Limited (NYSEAM:GNS) signed a definitive agreement to acquire OpenExo, Inc. for $10 million on March 18, 2024. The agreement calls for the purchase of all of the issued and outstanding shares of OpenExo for a purchase price of $10,000,000 payable in Genius Group restricted stock at a per share purchase price equal to the lower of $1.00 and the 30 day VWAP of one ordinary share of GNS as of a date prior to the date of closing of the transaction. The purchase price may be increased or decreased based upon certain revenue thresholds.

The transaction will close once the various closing conditions and necessary approvals, including, but not limited to, NYSE approval, are met.