secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001654954-22-013964
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies issues $105K convertible note with 10% interest and variable conversion after 180 days
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495422013964/0001654954-22-013964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495422013964/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-013964

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