India, June 10 -- Genius Group Ltd. (GNS), an AI-powered, Bitcoin-first education group, announced Tuesday that it has signed a binding asset purchase agreement with Entrepreneur Resorts Ltd or ERL for the purchase and re-integration of ERL's entrepreneur cafs and resorts.
Following the deal, Genius Group has lifted its revenue guidance by 50% to $15 million to $18 million for 2025 from previously expected $10 million.
The shares were gaining around 3% in the early morning trade. ERL had previously been a part of Genius Group and was spun off in September 2023.
Under the deal, Genius Group is purchasing ERL's revenue generating operations in Singapore, Indonesia and South Africa, expected to increase from approximately $5 million to $6 m...