other material
confidence high
sentiment neutral
materiality 0.70
Visium Technologies executes 1-for-1,500 reverse split; authorized shares cut to 2M
VISIUM TECHNOLOGIES, INC.
- Reverse split effective Sept 11, 2026; outstanding shares reduced from 1,269,817,102 to 846,540.
- Authorized common reduced from 3B to 2M shares; par value unchanged at $0.0001; ticker remains VISM on OTC.
- Rounding extinguishes lots under 750 pre-split shares; no cash in lieu, no odd-lot floor; 489 of 553 registered holders eliminated.
- 10-day issuance freeze on new common shares from Effective Time unless waived by Board after securities counsel consultation.
- Preferred stock and convertible rights unchanged except anti-dilution provisions; split-adjustment notices prepared for living convertibles.