secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2022-02-11T23:59:59+00:00
Accession:  0001654954-22-001489
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies raises $496,800 via convertible notes; issues 54M commitment shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495422001489/0001654954-22-001489-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495422001489/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-001489

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer