Investview repurchases 20.2% of shares from ex-founders for $3.57M at 57.6% discount

Investview, Inc.

Repurchased 472,374,710 shares (20.24% of outstanding) from co-founders Smith & Miller for aggregate $3,571,146.
Purchase price of $0.007559985/share reflects 57.6% discount to 30-day average market price of $0.01782.
Payment: one-eighth within 7 days, balance in 7 equal quarterly payments over two years.
Outstanding shares reduced from 2,333,356,496 to 1,860,981,786; combined with prior repurchase totals 29.4% reduction.
CEO states repurchase is accretive and reflects confidence in long-term intrinsic value.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Investview, Inc. entered into Stock Purchase and Release Agreement with Ryan Smith and Chad Miller and certain of their respective affiliates and family members valued at $3,571,146 (effective 2024-02-06).

Action: entry
Agreement: equity purchase
Counterparty: Ryan Smith and Chad Miller and certain of their respective affiliates and family members
Value: $3,571,146
Effective: 2024-02-06

Exact text from the filing

On February 7, 2024, Investview, Inc. (the “Company”) closed on the purchase in a private transaction of shares of its common stock under the terms of a Stock Purchase and Release Agreement dated February 6, 2024 (the “Agreement”).

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Investview, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-005794

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