Mergers & Acquisitions ·
Visium Technologies executed a non-binding term sheet to assign specified contract-use, offtake, and deployment rights…
VISMVisium Technologies, Inc.
Visium Technologies executed a non-binding term sheet to assign specified contract-use, offtake, and deployment rights for a device design into PT Visium Compute Indonesia (PTVCI), a newly formed Indonesian entity. Visium’s Delaware subsidiary will hold 99% of PTVCI, with the remaining 1% held by a local nominee subject to drag-along and tag-along provisions. Consideration is expected to consist of Series F non-voting convertible preferred stock issued in a private placement, with no cash payable unless separately authorized. The transaction remains subject to numerous conditions, including regulatory approvals, export-control classification, and corporate governance reviews under Florida law due to director conflicts involving CEO Paul R. Taylor. Visium Technologies operates as a technology holding company focusing on advanced technology platforms, AI-driven operational systems, analytics, and enterprise intelligence solutions.