other material
confidence high
sentiment positive
materiality 0.75
Investview acquires Renu Labs and repurchases 121M shares (6.5% of outstanding)
Investview, Inc.
- Acquired Renu Laboratories, a manufacturer of proprietary health/beauty/wellness products; terms not disclosed.
- Expects acquisition to be revenue accretive as early as Q4 2024 - Q1 2025 via iGenius cross-selling.
- Repurchased 121M shares (6.5% of outstanding) from three non-affiliate shareholders at a discount to closing price.
- Repurchase resolves a dispute related to 2017 issuance; price payable in 10 equal quarterly installments.
- Plans to operate Renu under new myLife Wellness business unit leveraging its FDA-registered, cGMP facility.