secwatch.observer — SEC 8-K summary
======================================

Issuer:     Investview, Inc. (INVU)
CIK:        0000862651
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001493152-23-035608
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investview buys back 11.49% of shares from founders for $2.9M; outstanding reduced to 2.33B
--------------------------------------------------------------------------------

- Purchased 302,919,223 shares (11.49% of outstanding) from founders Mario Romano and Annette Raynor for $2,922,380 ($0.00965/share).
- Outstanding shares reduced from 2,636,275,719 to 2,333,356,496; CEO calls buyback opportunistic.
- Purchase price paid via 8 quarterly promissory note payments; first payment due within 7 days.
- Founders received $250,000 expense allowance and up to $20,000 legal fees; agreed to standstill and release.
- Founders resigned as consultants and waived future indemnification from the company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862651/000149315223035608/0001493152-23-035608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862651/000149315223035608/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-035608

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer