secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2026-04-07T23:59:59+00:00
Accession:  0001654954-26-003315
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium directors resign; board adopts strict conversion gates for Series A/B preferred
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003315/0001654954-26-003315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003315/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-003315

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