Genius Group agrees to replace investment with USD 6.25 million convertible note
Bitget2026/10/21 21:11- Genius Group agreed Oct. 15, 2026, to replace its US$ 2 million Senior Secured Convertible Promissory Note with a US$ 6.25 million equivalent.
- Jewel Investments will return US$ 1.75 million in cash as part of the restructuring.
- A newly formed seller affiliate will issue the replacement note with a 24-month term, bearing interest at the short-term Applicable Federal Rate.
- Following a nine-month lockout, conversion requests allow the issuer to choose minority equity conversion or cash repayment.
- Closing is targeted within approximately 30 days of signing, subject to conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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