May 2, 2024 Dear Stockholders:Asset Purchase Agreement • May 2nd, 2024 • LZG International, Inc. • Services-prepackaged software
As communicated in a joint press release dated March 14, 2024 issued by LZG International, Inc. (“FatBrain AI”) and Genius Group Limited (“Genius Group”), FatBrain AI and Genius Group completed their previously announced agreement to join forces pursuant to an Asset Purchase Agreement dated January 23, 2024 (the “Purchase Agreement”). Under the Purchase Agreement, Genius Group acquired in an all-share transaction the AI software assets, customer relationships and specific operations of FatBrain AI, leaving Genius Group as the parent company with the FatBrain AI assets existing as a wholly owned subsidiary of Genius Group. The combined company is listed on the NYSE American and is trading under the ticker symbol “GNS.”
