secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001654954-23-007755
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies enters $52,805 convertible loan with 1800 Diagonal Lending; net proceeds $40k
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- Net loan proceeds of $40,000 after 15% OID ($8,055) and $4,250 expense reimbursement.
- Note: $52,805 principal, 17% one-time interest ($8,976), total payback $61,781 over 8 installments.
- Upon default, conversion price at 58% of lowest 20-day trading price; company must reserve 6x conversion shares.
- Default triggers 150% of outstanding plus 22% default interest.
- Loan issued under Section 4(a)(2) exemption; no registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423007755/0001654954-23-007755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423007755/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-007755

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