M&A
confidence high
sentiment neutral
materiality 0.80
Visium Tech creates Series E Preferred at $750/sh for ConnexUs AI acquisition; 40% dilution
VISIUM TECHNOLOGIES, INC.
- Series E Preferred: stated value $750, converts at $0.05 per share; each share yields 15,000 common shares.
- Represents 40% of fully diluted equity post-close; cumulative 8% dividend payable quarterly.
- Issued to accredited investors under Rule 506; no general solicitation. Filed with Florida SOS.
- Board also approved call right at 103% after $10M+ Qualifying Transaction.
- Company expects definitive agreement and closing pending execution of Stock Purchase Agreement.