VISIUM TECHNOLOGIES, INC. (VISM): debt financing — Visium Technologies issues $120K convertible note to Labrys Fund with 20% OID and 750K commitment shares

VISIUM TECHNOLOGIES, INC.

Issued $120,000 convertible promissory note to Labrys Fund II, L.P. for $100,000 cash (20% original issue discount).
Note bears 15% interest, matures August 2026, convertible only upon default at 65% of lowest closing bid price over prior 10 trading days.
Issued 750,000 commitment shares of common stock as additional consideration.
Note includes 4.99% beneficial ownership limitation, increaseable to 9.99% on 61 days' notice.
Securities issued under Section 4(a)(2) and Rule 506(b) exemption from registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VISIUM TECHNOLOGIES, INC. incurred convertible notes of $120,000 with Labrys Fund II, L.P. at 15% per annum maturing twelve (12) months from the issue date.

Instrument: convertible notes
Principal: $120,000
Counterparty: Labrys Fund II, L.P.
Rate: 15% per annum
Maturity: twelve (12) months from the issue date
Event: incurrence

Exact text from the filing

On August 13, 2025, Visium Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Labrys Fund II, L.P. (the “Buyer”). Pursuant to the Purchase Agreement, the Company issued to the Buyer a Convertible Promissory Note (the “Note”) in the principal amount of $120,000, for a purchase price of $100,000, reflecting an original issue discount of $20,000.

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311 debt financings filed in the last 30 days. Browse all debt financings →

VISIUM TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001654954-25-009790

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