1,475,000 units of a common share, one warrant sold at $1.00 per unit
By Devika Patel
Knoxville, Tenn., Oct. 7 – Investview Inc. arranged a $1.48 million private placement of units on Sept. 30, according to an 8-K filed Tuesday with the Securities and Exchange Commission. It has already raised $1 million.
The company is selling 1,475,000 units of one common share and one warrant at $1.00 per unit. It sold 1 million units in the initial tranche.
Each warrant is exercisable at $1.50 for five years. The strike price is a 57.9% premium to $0.95, the Sept. 29 closing share price.
Based in Draper, Utah, Investview markets investor products and services that provide financial and educational information to customers and subscribers.
| Issuer: | Investview Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | $1,475,000
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| Units: | 1,475,000
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| Price: | $1.00
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| Warrants: | One warrant per unit
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| Warrant expiration: | Five years
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| Warrant strike price: | $1.50
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| Pricing date: | Sept. 30
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| Settlement date: | Sept. 30 (for $1 million)
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| Stock symbol: | OTCBB: INVU
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| Stock price: | $0.95 at close Sept. 29
|
| Market capitalization: | $9.79 million
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