Cheddi Rai
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.
Highest-materiality recent filing
Visium terminates ConnexUS AI incubation; Cheddi Rai resigns from all positions
Terminated LOI and SOW for ConnexUS acquisition; $190k incubation funding is non-refundable expense.
Visium Technologies forms acquisition subsidiary PTNA; targets AI Capital UK and Indonesia
Board authorized formation of PTNA Acquisition Corp., a bankruptcy-remote Delaware C-Corp wholly owned subsidiary.
Visium Technologies announces LOI to acquire ConnexUS AI; appoints new CEO and CTO/COO
Paul Taylor appointed Chairman and CEO; Cheddi Rai appointed CTO/COO; Mark Lucky remains CFO, effective April 27, 2026.
Visium issues $1.6M Series D preferred to retire debt with 40 accredited investors
Issued 1,597,868 shares of Series D Convertible Preferred Stock to 40 accredited investors (including officers) to cancel $1,597,868.39 in promissory notes and payables.
Visium Technologies creates Series G Preferred, adopts remediation plan for legacy Series A/B
Board created Series G Preferred Stock ranking senior to Series A/B, issued 4 shares to accredited investors for nominal consideration.
Visium Tech creates Series E Preferred at $750/sh for ConnexUs AI acquisition; 40% dilution
Series E Preferred: stated value $750, converts at $0.05 per share; each share yields 15,000 common shares.
Visium Technologies extinguishes $182k in debt and 5.1M warrants for $150k settlement
Single payment of $150,000 on April 13, 2026 cancels both Labrys Notes (~$182,244 balance) and 5,112,426 Talos Warrants.
Visium directors resign; board adopts strict conversion gates for Series A/B preferred
Directors Favata and Grbelja resigned all board/committee roles effective April 7, 2026; no disagreement cited.
Issued $120,000 convertible promissory note to Labrys Fund II, L.P. for $100,000 cash (20% original issue discount).
Visium Technologies corrects auditor engagement fiscal year end in 8-K amendment
Amendment corrects typo in prior 8-K: fiscal year end changed from June 30, 2026, to June 30, 2025.
Visium Technologies dismisses auditor Stephano Slack, appoints FRUCI & Associates II
Dismissed Stephano Slack LLC as independent registered public accounting firm on June 26, 2025.
Visium Technologies replaces auditor; Assurance Dimensions resigns, Stephano Slack engaged
Assurance Dimensions resigned as auditor on May 6, 2025, due to its exit from public company audit services.
Visium Technologies increases authorized common shares from 1B to 3B to fund growth
Board adopted amendment on Sept 18, 2024; filed Oct 21, 2024, to increase authorized common shares from 1,000,000,000 to 3,000,000,000.
Visium Technologies loses three directors; board vacancies unfilled
Wayne Monk, Dr. Emmanuel Esaka, and Solomon Adote resigned as directors effective July 25, 2024.
Visium Technologies enters $57,500 convertible note with 1800 Diagonal Lending; net proceeds $45,000
Loan principal $57,500; 15% OID ($7,500) and $5,000 expense reimbursement yield net proceeds of $45,000.
Visium Technologies awarded $20M subcontract for data center design in Côte d'Ivoire and Benin
Awarded minimum $20M subcontract from Cybastion for data center design and construction in Côte d'Ivoire and Benin.
Visium Technologies authorizes 30,000 shares of Series C Preferred Stock convertible at $0.075/share
Created Series C Preferred: 30,000 shares, $100 stated value per share.
Net proceeds ~$40K after $2K OID and $5K expense reimbursement; proceeds for working capital.
Visium Technologies issues $39,900 convertible note to 1800 Diagonal Lending LLC
Principal amount $39,900 at 10% interest; net proceeds of $33,000 after OID and expenses.
Visium Technologies enters $52,805 convertible loan with 1800 Diagonal Lending; net proceeds $40k
Net loan proceeds of $40,000 after 15% OID ($8,055) and $4,250 expense reimbursement.
Visium Technologies issues $44,250 convertible note at 10% to 1800 Diagonal Lending
Principal amount $44,250; purchase price $40,000; net $4,250 used for legal/due diligence fees.
Visium Technologies issues $150k in 12% convertible notes and 66,668 common shares
Two 12% unsecured convertible promissory notes totaling $150,000 principal issued to individual investors.
Issued $105,000 principal 10% convertible note to 1800 Diagonal Lending LLC for $100,000 cash (net of $5,000 fees).
Visium Technologies effects 1-for-1,350 reverse stock split; trading under VISM D
Reverse stock split at 1:1,350 ratio effective September 29, 2022; authorized shares reduced to 1 billion.
Visium amends convertible note agreements, issues 129.6M warrants to investors
Amended $810,000 promissory notes: waived interim payments, extended registration deadline to Oct 31, 2022.
Visium Technologies stockholders approve 1:600-1:1600 reverse stock split with 82.65% support
Proposal passed with 1.63B votes for (82.65%) vs 335.6M against; 7.4M abstained.
Visium Technologies issues $270K convertible note with 27M commitment shares
Note face value $270,000, purchase price $248,400, 8% interest, matures Feb 28, 2023.
Visium Technologies raises $496,800 via convertible notes; issues 54M commitment shares
Sold $540,000 face value convertible notes (8% annual interest, maturity Feb 2023) to two investors for $496,800.
Visium Technologies appoints Solomon Adote to Board of Directors
Solomon Adote, 43, appointed to Board effective December 16, 2021.
Visium Technologies appoints Wayne H. Monk to Board of Directors
Appointed Wayne H. Monk (age 62) to the Board effective December 13, 2021.
Visium Technologies raises $750,000 in registered direct offering of 150M shares at $0.005/share
Gross proceeds of $750,000 from sale of 150,000,000 shares of common stock at $0.005 per share.
Visium Technologies raises $750,000 in registered direct offering of 150M shares at $0.005/share
Gross proceeds $750,000; net proceeds ~$687,500 after estimated expenses.
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.
Effective April 27, 2026, Mr. Paul Taylor has assumed the positions of Chairman of the Board and Chief Executive Officer of Visium Technologies, Inc. (the “Company”).
Concurrently, Mr. Cheddi Rai has been appointed Chief Technology Officer and Chief Operating Officer of the Company.
On July 25, 2024, the Company received written notice from Solomon Adote of his resignation as a member of the Board of Directors
On July 25, 2024, the Company received written notice from Dr. Emmanuel Esaka of his resignation as a member of the Board of Directors
On December 16, 2021, the Board of Directors of Visium Technologies, Inc. (the "Company") appointed Solomon Adote as a member of the Board of Directors.
On December 13, 2021, the Company’s Board of Directors appointed Wayne H. Monk as a member of the Board of Directors.
Max materiality 0.80 · Median 0.53 · Most common event other_material