8-K
filed April 7, 2026, 7:59 PM ET
ticker VISM
CIK 0001082733
other material
confidence high
sentiment neutral
materiality 0.70
Visium directors resign; board adopts strict conversion gates for Series A/B preferred
VISIUM TECHNOLOGIES, INC.
- Directors Favata and Grbelja resigned all board/committee roles effective April 7, 2026; no disagreement cited.
- Certificates of Designation filed for Series A (50M shares, $750 stated, 1:1 convertible with floor at $0.035) and Series B (30M shares, $375 stated, 300:1 convertible).
- Series C Preferred (zero outstanding) cancelled; board adopted 11 non-waivable Conversion Gates as conditions precedent for any preferred stock conversion or transfer.
- Transfer agent Madison Stock Transfer instructed to enforce gates; no individual preferred holder records maintained.
- Actions part of board refresh related to March 29 LOI for strategic restructuring and acquisition transactions.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
VISIUM TECHNOLOGIES, INC. issued preferred stock.
- Security
- preferred stock
Exact text from the filing
The Board adopted, as official and mandatory Company policy, strict procedural gating mechanisms (the “Conversion Gates”) that constitute conditions precedent to any conversion, transfer, book-entry movement, or other action involving the Series A or Series B Preferred Stock.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
VISIUM TECHNOLOGIES, INC.: Cancellation of Series C Convertible Preferred Stock and revocation of associated Certificate of Designation (effective 2026-04-07).
- Change
- charter amendment
- Effective
- 2026-04-07
Exact text from the filing
The Board also cancelled the Series C Convertible Preferred Stock (zero shares issued and outstanding) in its entirety and revoked any associated Certificate of Designation.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
VISIUM TECHNOLOGIES, INC.: Filing of Certificates of Designation for Series A and Series B Convertible Preferred Stock, formalizing historical designations under Florida law and amending the Articles of Incorporation (effective 2026-04-07).
- Change
- charter amendment
- Effective
- 2026-04-07
Exact text from the filing
On April 7, 2026, the Board, acting pursuant to Fla. Stat. §§ 607.0602 and 607.1006 and the Company’s governing documents, approved, adopted, and authorized the immediate filing with the Florida Department of State, Division of Corporations, of (i) the Certificate of Designation of Series A Convertible Preferred Stock and (ii) the Certificate of Designation of Series B Convertible Preferred Stock (collectively, the “Certificates of Designation”). These filings constitute amendments to the Company’s Articles of Incorporation
View on SEC.gov
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