Genius Group Board Approves 50/50 Split Of Future Legal Win Proceeds, Half As Shareholder Dividend, Half For Bitcoin Treasury Purchases; Potential Claims Exceed $1B

Genius Group Limited (NYSE:GNS) ("Genius Group" or the "Company"), a leading AI-powered, Bitcoin-first education group, today announced that its Board of Directors have approved a distribution plan from the proceeds of any and all future legal wins, with net proceeds divided equally for distribution to shareholders and purchase of Bitcoin for its Bitcoin Treasury.

Genius Group's CEO, Roger Hamilton said "The Company has two legal cases, one filed and one pending, in which we are seeking combined damages of over $1 billion. As both lawsuits are being pursued by the Company to recover damages caused by third parties directly to our shareholders, the Board believes that 100% of any proceeds from the successful outcome of these cases should be directly distributed or reinvested for the benefit of shareholders."

The Company currently has filed a complaint under the Racketeer Influenced and Corrupt Organizations Act (RICO), in the United States District Court, Southern District of Florida against Peter Ritz and Michael Moe as the controlling officers and directors of LZGI International, Inc ("LZG") and against Michael Carter and John Clayton, seeking damages of over $750 million (which includes treble damages potentially recoverable under federal statute) caused by the defendants to Genius Group. (Case No: 1:25-cv-21496)

The Company also has an upcoming lawsuit alleging naked short selling and evidence of spoofing against certain parties, led by Wes Christian of Christian Attar, with alleged damages calculated at between $251.3 million and $262.7 million following the initial analysis of the Company's share trading data in 2023. The Company's legal team has continued detailed tracking of all trades in the Company for 2024 and 2025, and the filing, which is currently in final review pending filing, will include an updated damages amount which the Company anticipates to be significantly higher than the 2023 calculation based on the information provided.

Whilst there is no guarantee on the final outcome of either case, the time frames of the cases or on the amount of damages that the Company may win or recover, in the event that the Company is successful in recovering any damages, the Board has agreed to the following distribution:

• Distribution of 50% of any net damages recovered by way of special dividend to shareholders, to be issued once any net damages have been recovered.
  
  
  
   
• Investment of 50% of any net damages recovered in purchasing Bitcoin for the Company's Bitcoin Treasury, to be purchased once any net damages have been recovered.
  
   

In the event there are multiple instances of damage recovery, the distribution will apply to each instance. Net damages will be damages received by the Company net of legal fees, recovery fees and tax. Any and all distributions will be subject to applicable rules by the relevant regulatory bodies including the SEC, NYSE and Singapore law.