---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-005858"
form_type: "8-K"
ticker: "VISM"
cik: "0001082733"
company_name: "VISIUM TECHNOLOGIES, INC."
filed_at: "2026-06-10T20:29:55+00:00"
generated_at: "2026-06-10T20:31:45.802190+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Visium terminates ConnexUS AI incubation; Cheddi Rai resigns from all positions

## Summary
- Terminated LOI and SOW for ConnexUS acquisition; $190k incubation funding is non-refundable expense.
- All ATHENA platform IP remains sole property of ConnexUS; no ownership rights passed to Visium.
- Cheddi Rai resigned as officer, director, consultant; no severance or compensation owed; mutual releases granted.
- Board now consists of Paul Taylor (CEO), Mark Lucky (CFO), and David Pierce (Independent Director).
- Company expects termination eliminates ongoing financial/legal exposure, enabling focus on core AI analytics.

## SEC filing metadata
- accession: 0001654954-26-005858
- form_type: 8-K
- ticker: VISM
- cik: 0001082733
- company_name: VISIUM TECHNOLOGIES, INC.
- filed_at: 2026-06-10T20:29:55+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1082733/000165495426005858/0001654954-26-005858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1082733/000165495426005858/vism_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-005858
- JSON: https://secwatch.observer/filing/0001654954-26-005858.json
- Plain text: https://secwatch.observer/filing/0001654954-26-005858.txt

## Key facts
- Executive change
  Cheddi Rai resigned as officer, director, employee, consultant, or other positions at VISIUM TECHNOLOGIES, INC..
  - Action: resigned
  - Role: officer, director, employee, consultant, or other positions
  source text: Effective upon execution of the Release Agreement on June 8, 2026, Cheddi Rai resigned from any and all officer, director, employee, consultant, or other positions with Visium Technologies, Inc. and its subsidiaries and affiliates.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1082733/000165495426005858/0001654954-26-005858-index.htm
- Material Agreements
  VISIUM TECHNOLOGIES, INC. terminated Amended and Restated Letter of Intent with ConnexUS AI Inc. valued at Termination of LOI and SOW; mutual releases; no further financial obligations; $190,000 non-refundab (effective 2026-06-08).
  - Action: termination
  - Agreement: collaboration
  - Counterparty: ConnexUS AI Inc.
  - Value: Termination of LOI and SOW; mutual releases; no further financial obligations; $190,000 non-refundab
  - Effective: 2026-06-08
  source text: On June 8, 2026, the Board of Directors (the “Board”) of Visium Technologies, Inc. (the “Company” or “Visium”), acting by unanimous written consent in lieu of a special meeting pursuant to Section 607.0821, Florida Statutes, and the Company’s Bylaws, carefully reviewed the status of the Company’s incubation arrangement with ConnexUS AI Inc., a Delaware corporation (“ConnexUS”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1082733/000165495426005858/0001654954-26-005858-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.