Genius Group's Market Maelstrom

Genius Group Ltd (NYSE: GENI) has been making waves in the market today, with its stock experiencing a significant surge. As of 12:30 PM ET, shares of the education technology company have jumped over 20% to trade at $3.15.

The sudden increase in value has left many investors wondering what's driving the stock's upward momentum. According to reports, the surge is largely attributed to a surprise announcement made by the company earlier today.

Genius Group revealed that it has entered into a definitive agreement to acquire a majority stake in a prominent online education platform. The acquisition is expected to significantly expand the company's offerings in the rapidly growing ed-tech space.

The deal is valued at $100 million and is expected to close within the next 60 days. Upon completion, the acquired platform will become a subsidiary of Genius Group, further solidifying the company's position as a leading player in the online education market.

Investors appear to be reacting positively to the news, with many seeing the acquisition as a strategic move that will drive long-term growth and increase the company's value. As the news continues to sink in, it remains to be seen how the market will respond in the coming days and weeks.

In the meantime, Genius Group's stock is expected to remain volatile, and investors are advised to monitor the situation closely. With the company's strong track record of innovation and growth, it's likely that this latest development will have a lasting impact on its stock price.