debt
confidence high
sentiment negative
materiality 0.60
Visium Technologies raises $496,800 via convertible notes; issues 54M commitment shares
VISIUM TECHNOLOGIES, INC.
- Sold $540,000 face value convertible notes (8% annual interest, maturity Feb 2023) to two investors for $496,800.
- Conversion price set at $0.0018 per share; notes convertible into common stock.
- Issued 54,000,000 commitment shares as additional consideration.
- Original issue discount of $43,200; investors also received registration rights.