Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 38

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
ERS’ EQUITY (DEFICIT)

Preferred
Stock

We
are authorized to issue up to 50,000,000 shares of preferred stock with a par value of $0.001 and our Board of Directors has the authority
to issue one or more classes of preferred stock with rights senior to those of common stock and to determine the rights, privileges,
and preferences of that preferred stock.

Our
Board of Directors approved the designation of 2,000,000 of the Company’s shares of preferred stock as Series B Cumulative Redeemable
Perpetual Preferred Stock (“Series B Preferred Stock”), each with a stated value of $25 per share. Holders of our Series
B Preferred Stock are entitled to receive cumulative dividends at the annual rate of 13% per annum of the stated value, equal to $3.25
per annum per share. The Series B Preferred Stock is redeemable at our option or upon certain change of control events.

During
the year ended March 31, 2021, we commenced an offering to sell a total of 2,000,000
units at $25
per unit (“the Unit Offering”), with each unit consisting of: (i)
one share of our newly authorized Series B Preferred Stock and (ii) five warrants each exercisable to purchase one share of common
stock at an exercise price of $0.10 per warrant share. Each warrant offered is immediately exercisable on the date of issuance, will
expire 5 years from the date of issuance, and its value has been classified as a fair value liability due to the terms of the
instrument (see NOTE 8). The Unit Offering was completed on or about August 17, 2021, having resulted in the public offer and
sale of 252,192
Units.

As
of June 30, 2025, and December 31, 2024, we had 252,192 shares of preferred stock issued and outstanding.

Preferred
Stock Dividends

During
the six months ended June 30, 2025, we declared $409,670 of cumulative cash dividends due to the holders of our Series B Preferred
Stock. We made payments of $336,657 in cash and issued $81,486 worth of digital assets to reduce the amounts owing. As of June 30, 2025,
and December 31, 2024, the dividend liability on our balance sheets was $236,628 and $245,101, respectively.