secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001654954-26-003578
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium issues $1.6M Series D preferred to retire debt with 40 accredited investors
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- Issued 1,597,868 shares of Series D Convertible Preferred Stock to 40 accredited investors (including officers) to cancel $1,597,868.39 in promissory notes and payables.
- Each share has $1.00 stated value, 3% cumulative dividend (cash or PIK), convertible into common at $0.05 per share with broad-based anti-dilution adjustments.
- Company may redeem shares at 103% of stated value plus accrued dividends upon any qualifying transaction (>$10M equity raise or change of control).
- Liquidation preference ranks senior to common, Series A and B preferred, junior to Series AA and G preferred; no general voting rights.
- Board authorized Certificate of Designation for up to 2,000,000 Series D shares, filed as Exhibit 3.1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003578/0001654954-26-003578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003578/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-003578

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