secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001654954-23-011252
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 $39,900 convertible note to 1800 Diagonal Lending LLC
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- Principal amount $39,900 at 10% interest; net proceeds of $33,000 after OID and expenses.
- Note matures in 12 months; convertible into common stock at $1.50/share for first 180 days, then at 65% of lowest trading price.
- Prepayment penalties: 120% if paid within 60 days, 125% if paid within 61-180 days.
- Proceeds to be used for general working capital purposes.
- Company reimbursed investor $5,000 for legal and due diligence fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423011252/0001654954-23-011252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423011252/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-011252

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