GenesisAI Corp. and its co-founder and former CEO, Mr. Archil Cheishvili, have entered into a settlement with the Securities and Exchange Commission. The settlement resolves the Commission’s review of the Company’s communications with investors from December 2019 through December 2024. The Company and Mr. Archil Cheishvili settled without admitting or denying the allegations in the Commission’s complaint. They did so to end a process that had stretched over more than two years and to allow everyone involved to move on. For a detailed point-by-point discussion, please click here.