---
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"
generated_at: "2026-06-07T12:31:12.351314+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Visium Technologies enters $57,500 convertible note with 1800 Diagonal Lending; net proceeds $45,000

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015558
- JSON: https://secwatch.observer/filing/0001654954-23-015558.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015558.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $57,500
  - Counterparty: 1800 Diagonal Lending, LLC
  - Rate: 15% original issue discount; 15% one-time interest; 22% default interest
  - Maturity: nine payments with final two payments of $3,062.50
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/0001654954-23-015558-index.htm
- Material Agreements
  VISIUM TECHNOLOGIES, INC. entered into Securities Purchase Agreement with 1800 Diagonal Lending, LLC valued at $57,500 (effective 2023-12-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: 1800 Diagonal Lending, LLC
  - Value: $57,500
  - Effective: 2023-12-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1082733/000165495423015558/0001654954-23-015558-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.