Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 96

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 96
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 the Company had violated the federal securities laws or any other law. However, in the course of communications with
the SEC throughout the inquiry, the Company came to believe that the focus of the SEC’s inquiry involved whether the offer and
sale of the Company’s now discontinued Apex sale and leaseback program violated certain federal securities laws. Following a several
year review process in which the Company cooperated fully with the SEC, on January 17, 2025, a settlement was reached with the SEC to
resolve the inquiry. As part of the settlement, the Company entered into a formal SEC Order for which it neither admitted nor denied
the factual and legal conclusions asserted, but paid a civil monetary penalty of $375,000 to conclude the inquiry. The Company considers
this matter to be closed.

    24

INVESTVIEW,
                                            INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS
OF SEPTEMBER 30, 2025

(Unaudited)

Exposure
to potential claims arising from third-party financial protection plan

Historically,
through our wholly-owned subsidiaries Apex Tek, LLC (“Apex”) and SAFETek, LLC, we sold high powered data processing equipment,
known as the Apex package, to our customers which was then leased back to us for use in our crypto mining operations. We discontinued
sales of the Apex package in June 2020, principally when COVID-19 created certain supply chain-related limitations on that business.
Confronted with these limitations in the business, we offered the holders of our Apex leases the opportunity to cancel their leases,
in exchange for which, we repurchased substantially all of the data processing equipment (subject to these leases) for approximately
$19 million of promissory notes due on or about December 31, 2024 (which amount reflects the principal amount invested by all of such
lease holders, plus a 25% premium). During the fourth quarter ended December 31, 2023, we further offered all note holders an early payoff
option. By December 31, 2024, we had repaid or settled the approximately $19 million of promissory notes.

Included
in the Apex sale and leaseback program that was discontinued in 2021, was a “guaranteed assets buy-back product” underwritten,
administered and managed by a third-party provider, Total Protection Plus (“TPP”), which was intended to provide customers
who participated in the Apex sale and leaseback