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Genius Group Completes FatBrain AI Merger; 150% Increase in 2023 Combined Proforma Revenue Guidance

Author: Benzinga Newsdesk | March 14, 2024 02:12pm

Following NYSE approval, Genius Group completed the merger, acquiring FatBrain AI in an all-stock transaction. Under the terms of the agreement, Genius Group has acquired the AI software assets, customer relationships and specific operations of FatBrain AI, with an anticipated increase of approximately 150% in the Company's 2023 pro forma revenue guidance to an estimated $76 million to $80 million, and an anticipated increase of $4 million in pro forma net profit guidance to $7 million to $9 million.

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