{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-009790","form_type":"8-K","ticker":"VISM","cik":"0001082733","company_name":"VISIUM TECHNOLOGIES, INC.","filed_at":"2025-08-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.288735+00:00","generated_at":"2026-05-17T11:20:01.167012+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Visium Technologies issues $120K convertible note to Labrys Fund with 20% OID and 750K commitment shares","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-009790","json":"https://secwatch.observer/filing/0001654954-25-009790.json","markdown":"https://secwatch.observer/filing/0001654954-25-009790.md","text":"https://secwatch.observer/filing/0001654954-25-009790.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1082733/000165495425009790/0001654954-25-009790-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1082733/000165495425009790/vism_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T11:20:01.167012+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":"4ccd1bbf31d617d8a665aaf2ffb8343671fb1390","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1082733/000165495425009790/0001654954-25-009790-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$120,000"},{"label":"Counterparty","value":"Labrys Fund II, L.P."},{"label":"Rate","value":"15% per annum"},{"label":"Maturity","value":"twelve (12) months from the issue date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}