secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001654954-23-002741
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies issues $150k in 12% convertible notes and 66,668 common shares
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- Two 12% unsecured convertible promissory notes totaling $150,000 principal issued to individual investors.
- 66,668 common shares ($0.0001 par) issued as additional consideration.
- Notes mature 12 months from February 28, 2023; proceeds for general working capital.
- Company grants a 48-hour right of first refusal on future equity offerings under $150k for 9 months.
- Event of default includes failure to accept buyer's legal opinion for share transfer legend removal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423002741/0001654954-23-002741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423002741/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-002741

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