debt
confidence high
sentiment neutral
materiality 0.50
Visium Technologies issues $105K convertible note with 10% interest and variable conversion after 180 days
VISIUM TECHNOLOGIES, INC.
- Issued $105,000 principal 10% convertible note to 1800 Diagonal Lending LLC for $100,000 cash (net of $5,000 fees).
- Note matures in 12 months; conversion price fixed at $1.50 for first 180 days, then 65% of lowest trading price.
- Prepayment allowed within 180 days at 120% of outstanding principal and interest.
- Proceeds used for general working capital purposes.