Genius Group agrees to replace investment with $6.25 million convertible note
GNS•Genius Group agreed on Oct. 15, 2026, to replace its $2 million senior secured convertible promissory note with a $6.25 million equivalent. Jewel Investments will return $1.75 million in cash as part of the restructuring.
1. Replacement note terms
A newly formed seller affiliate will issue the replacement note with a 24-month term and interest at the short-term Applicable Federal Rate. After a nine-month lockout, the issuer can choose between minority equity conversion and cash repayment for conversion requests. Closing is targeted within approximately 30 days of signing, subject to conditions.
