VISIUM TECHNOLOGIES ANNOUNCES CAPITAL OPTIMIZATION STRATEGY INCLUDING SERIES G GOVERNING PREFERRED DESIGNATION, SERIES D DEBT-FOR-...

About this update from Visium Technologies, Inc.

Visium Technologies, Inc. The company launches a comprehensive capital optimization initiative to strengthen its balance sheet, align shareholder interests, and simplify preferred equity Visium Technologies, Inc. (OTCBB:VISM)FAIRFAX, VA, UNITED STATES, April 16, 2026 /EINPresswire.com/ -- Visium Technologies, Inc. (OTC: VISM) (the “Company”), a Florida corporation, today announced that its Board of Directors, acting pursuant to Sections 607.0602, 607.1006, and 607.0821 of the Florida Business Corporation Act (the “FBCA”), has completed a multi-pronged recapitalization consisting of (i) the designation and issuance of Series G Governing Preferred Stock ranking senior to all outstanding Series A and Series B Preferred Stock and pari passu with Series AA Preferred Stock, (ii) the issuance of newly designated Series D Convertible Preferred Stock in exchange for the cancellation of outstanding indebtedness, and (iii) the adoption of a formal remediation plan governing the Company’s legacy Series A and Series B Preferred Stock originally issued in 2015–2016. As disclosed in the Company’s Current Report(s) on Form 8-K filed today with the Securities and Exchange Commission: Series G Governing Preferred Stock. The Series G Certificate of Designation (filed as Exhibit 3.1 to the Form 8-K) establishes 100 authorized shares of Series G Preferred Stock, par value $0.001 per share. Four (4) shares were issued on April 12, 2026, to certain accredited investors who are existing Series AA Preferred holders and/or Company affiliates for nominal consideration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D. Series G ranks senior to Series A and Series B as to dividends, liquidation preference, redemption rights, and distributions of assets, and pari passu with Series AA Preferred Stock. Each Series G share carries 100,000 votes and, when aggregated with Series AA, the block holds absolute majority voting control of the Company. Series G possesses veto rights such that any corporate action adversely affecting or benefiting Series A or B (including conversion, redemption, amendment, or any transaction that would benefit Series A/B holders to the detriment of Series G) taken without the prior written consent of the holders of a majority of the outstanding Series G shares is void ab initio (FBCA § 607.0602(4)). Series G is no...

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