AcquisitionsApr 16, 2026, 04:36 PM
Visium Technologies to Issue Series E Preferred for 40% Equity in ConnexUs AI
AI Summary
Visium Technologies' Board of Directors approved the Certificate of Designation for Series E Convertible Preferred Stock. This stock is being issued to accredited investors to finance the pending acquisition of 100% of ConnexUs AI. The Series E Preferred Stock, with a stated value of $750 per share and an 8.0% cumulative dividend, will represent 40% of the company's fully diluted equity after the acquisition closes.
Key Highlights
- Series E Convertible Preferred Stock approved for ConnexUs AI acquisition.
- Each Series E share has a stated value of $750.00.
- Converts into 15,000 common shares at a $0.05 conversion price.
- Represents 40% of fully diluted equity post-acquisition.
- Features an 8.0% cumulative annual dividend.
VISM
VISIUM TECHNOLOGIES, INC.Price Impact