secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0001654954-23-003374
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 $44,250 convertible note at 10% to 1800 Diagonal Lending
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- Principal amount $44,250; purchase price $40,000; net $4,250 used for legal/due diligence fees.
- Note matures 12 months from March 16, 2023; convertible at $1.50 fixed for 180 days, then 65% of lowest trading price.
- Prepayment penalty: 120% of outstanding if paid within 180 days; proceeds for general working capital.
- Company grants 48-hour right of first refusal to buyer on future equity offerings under $150k for 9 months.
- Customary representations, warranties, and covenants; Event of Default triggers included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423003374/0001654954-23-003374-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423003374/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-003374

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