secwatch.observer — SEC 8-K summary
======================================

Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001654954-23-011940
Event type: debt
Sentiment:  negative
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies issues $47K convertible note to 1800 Diagonal Lending at 10% with variable conversion
--------------------------------------------------------------------------------

- Net proceeds ~$40K after $2K OID and $5K expense reimbursement; proceeds for working capital.
- 12-month maturity; conversion price fixed at $1.50 for first 180 days, then 65% of lowest trading price.
- Prepayment penalties: 120% within 60 days, 125% for days 61-180.
- Right of first refusal granted to investor for future equity/debt offerings under $150K for 9 months.
- Note unregistered, issued under Regulation D; carries 10% interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423011940/0001654954-23-011940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495423011940/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-011940

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