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     122  0 Kommentare Investview, Inc. (''INVU'') Announces Restructuring of Incentive Equity Awards

    Leadership team confirms confidence in Company outlook by surrender of outstanding share awards in favor of long-term option grants

    Eatontown, NJ, June 27, 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 an overall restructuring of the incentive equity awards previously granted to its senior leadership team. Under the restructuring, the Company’s senior management team and Board of Directors unanimously agreed to surrender and terminate an aggregate of approximately 288 million outstanding restricted shares in exchange for the issuance of approximately 360 million incentive options to purchase shares in the future at an exercise price of $.05 per share, or roughly a 66% premium over the closing price of the Company’s shares on Thursday, June 23, 2022. The exercise price and number of options into which the restricted shares were surrendered (based on an exchange ratio of 1.25 to 1) was established by an independent valuation firm engaged by the Company applying relevant valuation methodologies in a manner consistent with our recently completed annual audit. Of particular note, the shares issuable, if at all, upon exercise of the options, remain subject to the terms of the Company's existing lock-up agreement through April 25th, 2022.

    According to Victor M. Oviedo, Company Chief Executive Officer, the restructuring was essential so that we could, among others, accomplish three primary goals. First and foremost, the restructuring tightens the Company’s existing share capital by eliminating 288,333,334 million outstanding shares of company stock, (representing approximately an 11% reduction in the Company’s issued and outstanding shares effective June 24, 2022); second, it puts the Company in a better tax posture so as to avoid the future drain on the Company’s capital if and when called upon to pay withholding taxes upon the non-cash vesting of restricted shares; and third, it avoids the need for executives to disrupt the market with an influx of shares upon each vesting event, particularly if it required the waiver of existing lock-up agreements to which each member of the management team has agreed to. Of additional benefit to the Company, the exercise price of the options has been set at a 66% premium to the closing price on June 23, 2022. Thus, in order for the Executives to achieve in their option grants comparable value to the restricted shares surrendered, Investview's market capitalization would have to grow to over $677 million (an increase of approximately $596 million from current market capitalization) or by roughly 732%.

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    Investview, Inc. (''INVU'') Announces Restructuring of Incentive Equity Awards Leadership team confirms confidence in Company outlook by surrender of outstanding share awards in favor of long-term option grants Eatontown, NJ, June 27, 2022 (GLOBE NEWSWIRE) - Investview, Inc. (OTCQB: INVU), a diversified financial technology …

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