UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
Current Report Pursuant to Regulation A
Date of Report (Date of earliest event reported): August 15, 2023
INVEST INC.
(Exact name of registrant as specified in its charter)
Wyoming | | 85-3368306 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
11500 W Olympic Blvd. Suite 562
Los Angeles, California 90064
(Mailing Address of principal executive offices)
801-503-6130
Issuer’s telephone number, including area code
Outstanding securities qualified pursuant to Regulation A:
Title of each class | | Trading Symbol | | Name of each exchange on which trading |
Common Stock, par value $0.001 | | | | |
Item 7. Departure of Certain Officers.
See disclosure in Item 9.01
9.01 Other Events
Appointment of Chief Compliance Officer
On August 15, 2023, the board of directors (the “Board”) of Invest Inc. (the “Company”) appointed Marc McNeill, the Company’s Chief Executive Officer to be the Company’s Chief Compliance Officer. Mr. McNeill will transition out of his role as the Company’s Chief Executive Officer and Principal Executive Officer effective immediately. The terms of Mr. McNeill’s compensation remain the same.
Appointment of Chief Executive Officer
On August 15, 2023, the Board appointed Jaspreet Mathur as the Company’s Chief Executive Officer and Principal Executive Officer effective immediately. Mr. Mathur will also continue in his role as the Company’s Chief Marketing Officer.
Mr. Mathur is a seasoned marketing executive and entrepreneur, who has a proven track record of successfully launching and establishing new brands, including his own. Mr. Mathur founded Kore Fit Living in 2011, a chain of retail stores across Canada specializing in sales of vitamins and supplements, sports nutrition, athletic apparel, and fitness/MMA training equipment. He also launched Emblaze One, which started in 2013 as a design firm making logos and branding, and has grown into a full-service interactive agency with global offices to accommodate a consumer market shift from brick and mortar to e-commerce. In 2018, Mr. Mathur launched the Limitless brand, a creative and empowering lifestyle agency that develops brands and products in the health, wellness, and beauty products space. He is currently the Chief Executive Officer and Chairperson of the Board of Directors of Limitless X Holdings, Inc (OTCQB: VYBE).
Mr. Mathur’s compensation is set at $175,000 per annum.
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Invest Inc. |
| | |
| By: | /s/ Jacob Fernane |
| Name: | Jacob Fernane |
| Title: | President and Chairperson of the Board |
| Date: | August 15, 2023 |