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:  0001654954-26-003579
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies creates Series G Preferred, adopts remediation plan for legacy Series A/B
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- Board created Series G Preferred Stock ranking senior to Series A/B, issued 4 shares to accredited investors for nominal consideration.
- Remediation Plan offers qualifying Series A/B holders cash redemption ($0.0625/Series A share; max $874,521) or exchange for common stock.
- Company concluded conversion probability is remote; Series A/B excluded from diluted EPS under ASC 260-10-45-25.
- Plan requires production of original 2015-2016 PPM and proof of $0.25/share payment; non-qualifying holders get no consideration.
- Company intends to file declaratory judgment action in Palm Beach County to confirm validity of these actions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003579/0001654954-26-003579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426003579/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-003579

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer