Company: INVUP
Filing Date: 2025-03-28
Form Type: 8-K
Source: 0001641172-25-001087
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Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 8-K
Item: Item 8.01
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Item
8.01 Other Events.

On
March 28, 2025, Investview, Inc. (the “ Company”) announced that it has commenced an action (the “ Litigation”)
against Total Protection Plus, UIU Holdings LLC, Jason R. Anderson, Jacob S. Anderson, and Schad E. Brannon (collectively, “ TPP”)
in the Court of Chancery of the State of Delaware captioned Investview et al., v. UIU Holdings, LLC et al., seeking to, among other things,
compel TPP to fulfill the commitments it made to the Company’s customers under the TPP Program, as described below.

Background
of the TPP Program

Included
in the Company’s sale and leaseback of high powered data processing equipment (“ Apex Program”) that was discontinued
in 2021, was a “guaranteed assets buy-back product” underwritten, administered and managed by TPP, which was intended
to provide customers who participated in the Apex Program with a financial protection program (the “ TPP Program”), under
which customers, provided they complied with certain TPP required claims procedures, could elect to collect a cash payout in either
a five- or ten-year interval after their initial purchase. As part of their sales and marketing materials, TPP represented that they
were a purported affiliate of a well-known global insurance brokerage firm that had sufficient capital resources, reserves and liquidity
to support any payouts needed to satisfy their obligations under the TPP Program. TPP was paid substantial premiums for the program.
In most instances, the premium for the TPP program was included in the package price for the Apex Program, at no additional cost
to the customer.

Separately,
customers who purchased a proprietary digital currency called “ndau” from the Company’s wholly owned subsidiary iGenius,
LLC through an ndau distribution program sponsored by Oneiro N. A. Inc., were also given the opportunity to participate in a TPP
Program similar to the program offered to our Apex Program customers; which in this case was intended to provide customers who purchased
ndau with a financial protection program under which such customers, provided they complied with certain TPP required claim procedures,
could elect to collect a cash payout in either a five- or ten-year interval after their initial purchase. As in the case of the Apex
Program, participation in this program was also in reliance on representations by TPP that they were a purported affiliate of a well-known
global insurance brokerage firm that had sufficient capital resources, reserves and liquidity to support