secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0001654954-25-009790
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies issues $120K convertible note to Labrys Fund with 20% OID and 750K commitment shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495425009790/0001654954-25-009790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495425009790/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-009790

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