VISIUM TECHNOLOGIES, INC. (VISM) Form 8-K — Jun 10, 2026
$VISMForm 8-KItems 1.02, 5.02, 8.01, 9.01Filed Jun 10, 2026, 4:29 PM ET0001654954-26-005858Original filing
Visium Technologies terminated its incubation arrangement and proposed acquisition of ConnexUS AI Inc., citing failure to achieve strategic objectives and commercial viability. The Board determined the engagement was no longer in the best interests of shareholders, resulting in the complete unwind of the Letter of Intent and Statement of Work. As part of the termination, Cheddi Rai resigned from all officer, director, and employee positions with Visium. The Board accepted his resignation and confirmed the remaining board composition consists of Paul R.
Key figures
- Sunk cost usd
- 190000
- Sunk cost context
- Incubation Funding (Prior Funds) acknowledged as non-refundable expense
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