Financial Wire

Genius Group Closes $8 Million Registered Direct Offering

-- Genius Group (GNS) said Thursday it closed its registered direct offering of about 21.6 million ordinary shares, or pre-funded warrants, at $0.37 per share, for gross proceeds of $8 million.

The company said it is using $5.5 million of the proceeds to acquire a senior secured convertible promissory note that is being immediately converted into a 9.9% equity stake in Jewel Financial, the sole shareholder of Jewel Bancorp, Bermuda's only dual-licensed digital bank.

The proceeds are being used in connection with its previously announced plans to become a permitted payment stablecoin issuer and digital asset service provider, the company said.

Additionally, Genius Group will issue 15 million shares at $0.40 per share as further consideration for the acquisition, as per the terms of the note purchase agreement.

Related Articles

Australia

Descartes Systems Shares Rise After Rothschild & Co Redburn Upgrade

Descartes Systems Group (DSGX) shares rose over 5% in Thursday afternoon trading after Rothschild & Co Redburn upgraded the stock to buy from neutral, while lowering the price target to $90 from $100.Trading volume stood at over 622,000 shares, compared with a daily average of 724,731.Price: $76.41, Change: $+3.81, Percent Change: +5.25%

$DSGX
Mining & Metals

SmartCentres Declares Distribution for April 2026; Shares Hit Fresh 52 Week Highs Today

SmartCentres Real Estate Investment Trust (SRU-UN.TO), which saw its shares post a fresh 52 week high today, said Thursday that its trustees declared a distribution for April 2026 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The April distribution is unchanged from the one for March.April's distribution will be payable on May 15, 2026 to unitholders of record as at April 30, 2026.Its shares rose $0.42 or 1.5% to $28.49, having touched $28.82.Price: $28.50, Change: $+0.43, Percent Change: +1.53%

$SRU-UN.TO
Oil & Energy

DeepOcean, Woodside Complete Dual-Scope Subsea Campaign Offshore Senegal

DeepOcean and Woodside Energy said on Thursday have carried out a simultaneous subsea inspection and 3D scanning campaign at the Sangomar offshore oil development in Senegal, in what the companies described as an efficiency milestone in subsea operations.DeepOcean said the operation covered 69 subsea structures, including 17 subsea trees, and combined routine inspection work with high-resolution 3D photogrammetry scanning in a single remotely supported ROV campaign.The approach eliminated the need for separate vessel deployments for inspection and survey tasks and did not require additional offshore personnel.The companies said the "dual-scope" methodology enabled both inspection routines and 3D scanning to be performed concurrently, cutting offshore time to just over half of what would typically be required for two separate operations, while also increasing data output.Meanwhile, Woodside said the system combines ROVs equipped with scanning tools, inspection engineers, proprietary subsea imaging software and digital twin capabilities, using photogrammetry to generate 3D reconstructions from subsea imagery and sonar data.DeepOcean operates across several West African countries, including Congo-Brazzaville, Equatorial Guinea, Gabon and Ghana, where it supports subsea inspection and IMR services for offshore energy developments.