Recent Updates — VISM

Visium Technologies announced the immediate resignation of Chairman and CEO Paul R. Taylor following a disagreement over the evaluation of previously issued financial statements. Taylor delivered an officer’s certificate to auditors Fruci & Associates II, PLLC concluding that fiscal 2016 through 2026 audited statements should no longer be relied upon due to issues with Series A and B preferred stock validity and debt extinguishment gains. The Board of Directors has not authorized this conclusion, and CFO Mark B. Lucky does not concur. Lucky was designated interim principal executive officer effective October 28, 2026. The company plans to form a Special Committee of independent directors to review the accounting matters and related-party transactions involving Lucky. Additionally, the Board rescinded a proposed 1-for-1,500 reverse stock split that had never been effected. Visium Technologies operates in the technology sector.

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.

Visium Technologies, Inc. completed a reverse stock split of its common stock at a ratio of 1-for-1,500 on September 11, 2026. The company reduced its authorized shares from three billion to two million and decreased outstanding shares from approximately 1.27 billion to 846,540. No cash was paid for fractional shares; lots with fewer than 750 pre-split shares were extinguished. Visium Technologies operates in the technology sector.