Investview restates Q3 2021 financials; $52M charge turns $17M profit into $29M loss

Investview, Inc.

Board concludes previously issued Q3 2021 financials should no longer be relied upon due to accounting error for MPower acquisition.
Originally reported net income of $17.1M; restated to net loss of $29.2M after $51.6M non-cash charge.
Charge stems from value imbalance between units issued to MPower and appraised value of acquired MPower assets.
Non-cash charge had no impact on cash flow or liquidity, but restatement may affect OTCQB listing compliance.
Auditor M&K concurred with the restatement; letter filed as Exhibit 7.01.

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