Visium Technologies Eliminates Over $182,000 in Outstanding Debt and All Conversion Overhang Through Full Settlement of Labrys ...

About this update from Visium Technologies, Inc.

Visium Technologies, Inc. Visium Technologies, Inc. (OTCBB:VISM)This settlement delivers a swift and economically favorable resolution that removes a significant liability from our balance sheet, eliminating conversion and dilution risk.”— Mark LuckyFAIRFAX, VA, UNITED STATES, April 14, 2026 /EINPresswire.com/ -- Visium Technologies, Inc. (the “Company” or “Visium”) (OTC Pink: VISM), a provider of advanced agentic AI-powered cybersecurity solutions through its TruContext™ platform, today announced the execution of a definitive Settlement Agreement (the “Agreement”), dated April 10, 2026, providing for the full and final extinguishment of all outstanding obligations under the Labrys Notes and the Talos Warrants, together with all related transaction documents. This transaction eliminates all conversion rights, derivative liabilities, and potential dilution associated with these instruments, strengthening Visium’s capital structure as the Company executes its strategic transformation following the recently announced Letter of Intent to acquire ConnexUs AI. Settlement Terms Under the terms of the Agreement, Visium will make a single settlement payment on or before April 13, 2026. In exchange, the Company receives: • Immediate cancellation of both Labrys Notes (aggregate outstanding balance approximately $182,243.75 as of March 31, 2026) and all related Labrys Transaction Documents (Section 2.1); • Immediate cancellation of the 5,112,426 Talos Warrants and all related Talos Transaction Documents (Section 2.2); • Mutual general releases, including a broad waiver of unknown claims under applicable Delaware law (Section 3.3); • Express termination of all conversion rights, exercise rights, reserved shares, and transfer agent instructions (Sections 2.3 and 5.1); • Delivery of cancellation instructions to the Company’s transfer agent with respect to any existing share reserve for conversion; and • Standard no-admission and confidentiality protections (Sections 5.3–5.4), subject solely to the Company’s mandatory disclosure obligations under the Securities Exchange Act of 1934, as amended. This settlement represents a negotiated compromise of more than 18% below the current face amount of the Labrys Notes and achieves complete elimination of all associated derivative liabilities, conversion overhang, and potential share dilution. The transaction was structured as a ...

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