{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-015558","form_type":"8-K","ticker":"VISM","cik":"0001082733","company_name":"VISIUM TECHNOLOGIES, INC.","filed_at":"2023-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.154726+00:00","generated_at":"2026-06-07T12:31:12.351314+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Visium Technologies enters $57,500 convertible note with 1800 Diagonal Lending; net proceeds $45,000","bullets":["Loan principal $57,500; 15% OID ($7,500) and $5,000 expense reimbursement yield net proceeds of $45,000.","One-time interest charge of 15% ($8,625) applied at issuance; total payback $66,125 in nine payments.","Upon default, note converts into common stock at 58% of lowest trading price over prior 20 trading days.","Default interest rate 22%; liquidated damages of 150% of outstanding if default occurs.","Company must reserve shares equal to 6x conversion shares; significant dilution risk for existing shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-015558","json":"https://secwatch.observer/filing/0001654954-23-015558.json","markdown":"https://secwatch.observer/filing/0001654954-23-015558.md","text":"https://secwatch.observer/filing/0001654954-23-015558.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/0001654954-23-015558-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/vism_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T12:31:12.351314+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34e5f2c88719a42bd02ee0f0ab6e3ea39762c9a6","claim":"VISIUM TECHNOLOGIES, INC. incurred loan of $57,500 with 1800 Diagonal Lending, LLC at 15% original issue discount; 15% one-time interest; 22% default interest maturing nine payments with final two payments of $3,062.50.","evidence_excerpt":"On December 1, 2023, we entered into a Securities Purchase Agreement with 1800 Diagonal Lending, LLC, an accredited investor (“the Lender”), pursuant to which the Lender made a loan to us, evidenced by promissory note in the principal amount of $57,500 (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/0001654954-23-015558-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$57,500"},{"label":"Counterparty","value":"1800 Diagonal Lending, LLC"},{"label":"Rate","value":"15% original issue discount; 15% one-time interest; 22% default interest"},{"label":"Maturity","value":"nine payments with final two payments of $3,062.50"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"1b38a272d0c51fd2186a55203f433598895f7a12","claim":"VISIUM TECHNOLOGIES, INC. entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $57,500 (effective 2023-12-01).","evidence_excerpt":"On December 1, 2023, we entered into a Securities Purchase Agreement with 1800 Diagonal Lending, LLC, an accredited investor (“the Lender”), pursuant to which the Lender made a loan to us, evidenced by promissory note in the principal amount of $57,500 (the “Note”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/0001654954-23-015558-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"1800 Diagonal Lending, LLC"},{"label":"Value","value":"$57,500"},{"label":"Effective","value":"2023-12-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}