UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
As previously disclosed, on October 25, 2024, Investview, Inc. (the “Company”) entered into an agreement (the “Agreement”) with three non-affiliate shareholders (the “Sellers”) to repurchase in a private transaction a total of 121 million shares of the Company’s common stock (the “Purchased Shares”). The Purchased Shares were initially issued to the Sellers in 2017 in connection with a commercial transaction with the Company (the “2017 Issuance”). In addition to reducing the Company’s outstanding level of capitalization, the Company entered into the Agreement, in part, to resolve a dispute related to the 2017 Issuance. The transactions contemplated by the Agreement were subject to the satisfaction of customary closing conditions by the outside closing date of February 22, 2025, including the delivery of the Purchased Shares to the Company.
The Sellers were unable to deliver the Purchased Shares by the outside closing date and several extension periods. Accordingly, on May 1, 2025, the Company terminated the Agreement and advised the Sellers that it continues to reserve all of its rights under the Agreement; and as well, continues to reserve all future rights to challenge the underlying elements of the 2017 Issuance should the Sellers attempt to transfer the Purchased Shares in the future.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
INVESTVIEW, INC. | ||
Dated: May 1, 2025 | By: | /s/ Ralph Valvano |
Ralph Valvano | ||
Secretary/Chief Financial Officer |
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