04/28/2026 | Press release | Distributed by Public on 04/28/2026 06:55
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective April 27, 2026, Mr. Paul Taylor has assumed the positions of Chairman of the Board and Chief Executive Officer of Visium Technologies, Inc. (the "Company"). Concurrently, Mr. Cheddi Rai has been appointed Chief Technology Officer and Chief Operating Officer of the Company. Mr. Mark Lucky will continue to serve as Chief Financial Officer. These appointments form part of the Company's strategic realignment to accelerate execution of its AI-focused business plan following the transactions described in Item 8.01 below.
Item 8.01. Other Events.
On April 27, 2026, the Company issued a press release announcing the execution of a non-binding Letter of Intent dated March 29, 2026 (the "LOI") with the owners/holders of WXYZ Hosting LLC (FL) and AdRetreaver LLC (FL) to acquire 100% of the equity of ConnexUS AI (DE) and secure licensed access to the RAGböx.co platform. The transaction implements a dual ring-fence structure designed to achieve a surgically clean, GAAP-compliant balance sheet while isolating legacy obligations and positioning the Company for scalable growth in regulated-industry AI solutions. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein.