secwatch.observer — SEC 8-K summary
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Issuer:     Investview, Inc. (INVU)
CIK:        0000862651
Form:       8-K
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001493152-22-017047
Event type: m_and_a
Sentiment:  negative
Materiality: 0.70
Item codes: 1.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investview terminates acquisition of LevelX Capital and LevelX Advisors after regulatory delays
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- Terminated Amended Stock Purchase Agreements dated Sep 3, 2021 to acquire LevelX Capital (FINRA BD) and LevelX Advisors (RIA).
- Closing conditions, including FINRA approvals, not met by June 3, 2022; cites uncertain timing and unforeseen circumstances.
- Company withdrew from regulatory approval process but remains committed to future FinTech platform acquisitions.
- As of Mar 31, 2022: cash $24.9M, equity $29.6M, current ratio 2.41, and record net revenues $72.2M in nine months ended Dec 2021.
- Seller is SSA Technologies LLC, an affiliate of former CEO Joseph Cammarata.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862651/000149315222017047/0001493152-22-017047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862651/000149315222017047/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-017047

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