Eatontown, NJ, June 17, 2022 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets, announced today that it has terminated the Amended and Restated Securities Purchase Agreements (the “Purchase Agreements”) by which it had agreed during March 2021 to acquire LevelX Capital LLC ( a FINRA-registered broker-dealer) and LevelX Advisors (a registered investment advisor). Closing under the Purchase Agreements had been subject to a number of conditions relating to, among others, the maintenance of a specific level of regulatory net capital and the receipt of all required regulatory (FINRA) approvals on or before June 3, 2022.
According to Company President, James R. Bell, “although the parties have worked collaboratively over the past 13 months to secure the required regulatory approvals and satisfy all closing conditions, given, among other things, the length of the regulatory review process, to date, the uncertain timing of the regulatory process going forward, certain unforeseen circumstances that arose regarding LevelX since the date of the Purchase Agreements, and since certain material closing conditions under the Purchase Agreements have not been met as required, we have…
