secwatch.observer — SEC 8-K summary
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Issuer:     VISIUM TECHNOLOGIES, INC. (VISM)
CIK:        0001082733
Form:       8-K
Filed at:   2026-09-21T20:20:21+00:00
Accession:  0001654954-26-008490
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.35
Item codes: 7.01, 8.01, 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visium Technologies signs non-binding term sheet to assign device rights into Indonesian PMA company
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- On Sept 21, 2026, executed non-binding term sheet to assign device rights into new Indonesian PMA company PTVCI; Delaware sub to hold 99% equity.
- Consideration expected as Series F non-voting convertible preferred stock in private placement under 4(a)(2)/506(b); no cash unless board authorizes.
- Closing subject to final device specs, third-party consents, export-control classification, Indonesian approvals, and Florida law review; no assurance of definitive deal.
- Conflict-of-interest: CEO Paul R. Taylor and entity associated with Dr. Niclas Adler have relationships with counterparties; Section 607.0832 review pending.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426008490/0001654954-26-008490-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1082733/000165495426008490/vism_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-008490

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