Investview, Inc. entered into securities purchase agreement to acquire SSA Technologies, LLC from Joseph Cammarata and others for $29.5 million.
March 25, 2021
Share
Investview, Inc. (OTCPK:INVU) entered into securities purchase agreement to acquire SSA Technologies, LLC from Joseph Cammarata and others for $29.5 million on March 22, 2021. Pursuant to the agreement, Investview has agreed to acquire SSA business for the issuance of non-voting membership interests in Investview wholly-owned subsidiaries that are in the future redeemable for 242 million Investview common shares on a one-for-one basis. In a related transaction, Investview entered into an agreement to acquire MPower Trading Systems LLC for issuance of non-voting membership interests in Investview wholly-owned subsidiaries that are in the future redeemable for 565 million and 242 million Investview common shares on a one-for-one basis on March 22, 2021. The transaction is subject to completion of audited financial statements for SSA in accordance with applicable SEC regulations; FINRA approval of the change of ownership of the SSA registered broker-dealer, LevelX Capital LLC; SSA shall have delivered a copy of that certain Registration Rights Agreement, and Extension of an existing lock-up agreement among certain of Investview’s shareholders. The Board of Directors of each of Investview and SSA Technologies have unanimously approved the merger transaction through a stock-for-stock merger exchange. The transactions are expected to close between the third and fourth quarters of 2021. Kevin Timken of Michael Best & Friedrich LLP acted as legal advisor to Investview.
Investview, Inc. operates as a diversified financial technology company. The Company, through its subsidiaries and distribution network, provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets. It delivers multiple services and products, both domestically and internationally, through a direct selling network of independent distributors. Its products and services are offered through a subscription-based revenue model to a large base of customers that it refers to as members. These services include research, analysis, and education regarding equities, options, foreign exchange market, exchange-traded funds, binary options, and cryptocurrency. It also offers access to education and software applications that are designed to assist its members in debt reduction, increased savings and others.
INVESTVIEW, INC. 
