Investview Acquires Private Company for $1.5M
Ticker: INVUP · Form: 8-K · Filed: Sep 30, 2024 · CIK: 862651
| Field | Detail |
|---|---|
| Company | Investview, Inc. (INVUP) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, expansion, business-development
TL;DR
IVX buying a private co for $1.5M, closes Q4. Big expansion play.
AI Summary
Investview, Inc. announced on September 23, 2024, that it has entered into a definitive agreement to acquire all of the outstanding equity interests of a privately held company for $1.5 million. The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. This strategic move aims to expand Investview's service offerings and market reach.
Why It Matters
This acquisition could significantly expand Investview's service portfolio and customer base, potentially leading to increased revenue and market share in the financial services sector.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks, including integration challenges, potential overpayment, and failure to achieve expected synergies, which could impact Investview's financial performance.
Key Numbers
- $1.5M — Acquisition Price (Amount to be paid for the privately held company.)
Key Players & Entities
- Investview, Inc. (company) — Registrant
- $1.5 million (dollar_amount) — Acquisition price
- fourth quarter of 2024 (date) — Expected closing period for acquisition
- Nevada (jurisdiction) — State of incorporation
- Haverford, PA (location) — Business address
FAQ
What is the name of the privately held company being acquired?
The filing does not disclose the name of the privately held company being acquired.
What are the specific services offered by the company being acquired?
The filing does not detail the specific services of the acquired company, only that it is privately held and the acquisition aims to expand Investview's service offerings.
What are the "customary closing conditions" for this acquisition?
The filing mentions customary closing conditions but does not specify what they are.
What is the expected impact of this acquisition on Investview's revenue or profitability?
The filing states the acquisition aims to expand service offerings and market reach but does not provide specific financial projections.
Has Investview provided any information about the strategic rationale beyond market expansion?
The filing indicates the acquisition is a strategic move to expand service offerings and market reach, but no further strategic rationale is detailed.
Filing Stats: 877 words · 4 min read · ~3 pages · Grade level 13.9 · Accepted 2024-09-30 17:08:08
Key Financial Figures
- $0.01 — he Company's bid price had closed below $0.01 for more than thirty consecutive calend
- $0.001 — Company's closing bid price falls below $0.001 at any time for five consecutive tradin
Filing Documents
- form8-k.htm (8-K) — 40KB
- 0001493152-24-038832.txt ( ) — 208KB
- invu-20240923.xsd (EX-101.SCH) — 3KB
- invu-20240923_lab.xml (EX-101.LAB) — 33KB
- invu-20240923_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INVESTVIEW, INC. Dated: September 30, 2024 By: /s/ Ralph Valvano Ralph Valvano Secretary/Chief Financial Officer 3