Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1686

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1686
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In
the ordinary course of business, we may be or have been involved in legal proceedings from time to time; however, we do not anticipate
that the outcome of such matters and disputes will materially affect our financial statements.

None
of our directors, officers, or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our
business.

We
are not currently involved in any material legal proceedings. However, during November 2021, we received a subpoena from the United
States Securities and Exchange Commission (“SEC”) for the production of documents. The SEC order, the factual and legal findings
of which we neither admit nor deny, relates to a program developed by prior management involving the sale/leaseback of high-performance
server equipment primarily used for bitcoin mining to investors from July 2019 through June 2020. In its order, the SEC concluded that
the interests of the Company offered in connection with the program were unregistered investment contracts sold in violation of Sections
5(a) and 5(c) of the Securities Act of 1933, as amended. On January 17, 2025, we reached an agreement and entered into a settlement with
the SEC to resolve the inquiry. As part of the settlement, we agreed to pay the SEC a penalty of $375,000 and to cease and desist from
continuing any further violations of Sections 5(a) and 5(c) of the Securities Act of 1933, as amended.

25

Item
4. Mine Safety Disclosure

Not
applicable

PART
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Market
Information

Our
common stock is quoted on the OTCQB under the symbol “INVU.” You should be aware that over-the-counter market quotations
reflect inter-dealer prices, without retail mark-up, mark-down or commissions and may not necessarily represent actual transactions.

As
of March 20, 2025, we had approximately 624 stockholders of record of our common stock and 1,858,525,896 shares of common stock issued
and outstanding.

Dividends

Holders
of shares of common stock are entitled to share pro rata in dividends and distributions for the common stock when, as, and if declared
by the board of directors out of funds legally available therefor. We have not paid any dividends on our common stock. Other than payment
of