GNS : Genius Group Receives ICC Arbitration Award, Wins Return of 7.4 Million Shares and $8.0 Million Cash Payment
a leading AI-powered education group, today announced that it has received the final award from the ICC Arbitration proceeding by and between the Company and LZG International, Inc. ("LZG").
Pursuant to ICC's final award, the Company is entitled to:
return of 7,387,374 shares of Genius common stock; and cash in the aggregate amount of $7,971,168.53 (USD). The Company intends to take all necessary steps to enforce its legal rights and remedies. Additionally, Genius Group's legal team is evaluating appropriate next steps for the related matters, namely Genius Group Limited v. LZG International, Inc. et al., Case No. 1:24-cv-08464 (S.D.N.Y.) and the related appeal entitled Genius Group Limited v. LZG International, Inc., Case No. 25-630 (2d Cir.).