Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1672

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 2
Chunk 1672
---
 affiliated with 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, however,
agreed to pay a civil monetary penalty of $375,000
to conclude the inquiry. The Company considers this matter
to be closed. As of December 31, 2024, the penalty of $375,000 was in escrow with our SEC attorney.

    F-20

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

Historically,
through our wholly-owned subsidiaries Apex Tek, LLC 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