Genius Group Secures Key Legal Victory on $1.2 Billion Capital Plan
Genius Group (NYSE American: GNS) has secured a major legal victory after the U.S. Court of Appeals for the Second Circuit vacated the preliminary injunction that had blocked its share issuance, capital raises, and Bitcoin purchases.
The ruling clears the way for the company to execute its $1.2 billion capital plan and dual Bitcoin and AI treasury strategy without further legal impediment.
This decision comes after an 18-month battle, during which Genius Group also secured an ICC arbitration award that returned 7.4 million shares plus $7.97 million in damages to the company.