VISIUM TECHNOLOGIES, INC. 8-K

What Happened

• Visium Technologies, Inc. (VISM) announced on April 27, 2026 (press release furnished as Exhibit 99.1) that Paul Taylor has assumed the roles of Chairman of the Board and Chief Executive Officer. Concurrently, Cheddi Rai was named Chief Technology Officer and Chief Operating Officer, while Mark Lucky remains Chief Financial Officer.
• The company also disclosed execution of a non‑binding Letter of Intent dated March 29, 2026, with owners/holders of WXYZ Hosting LLC (FL) and AdRetreaver LLC (FL) to acquire 100% of the equity of ConnexUS AI (DE) and obtain licensed access to the RAGböx.co platform.

Key Details

• Date of 8‑K/press release: April 27, 2026; LOI dated March 29, 2026.
• Executive changes: Paul Taylor — Chairman & CEO; Cheddi Rai — CTO & COO; Mark Lucky remains CFO.
• Transaction scope: LOI to acquire 100% equity of ConnexUS AI (DE) and secure licensed access to the RAGböx.co platform; the LOI is non‑binding.
• Structure goal: Transaction described as implementing a “dual ring‑fence” to isolate legacy obligations and produce a surgically clean, GAAP‑compliant balance sheet.

Why It Matters

• Leadership and strategy: Appointing a new CEO/Chair and a CTO/COO signals management realignment to accelerate Visium’s AI‑focused business plan, which may affect execution speed and strategic priorities.
• Potential growth driver: The LOI to acquire ConnexUS AI and license RAGböx.co could provide technology and licensing to scale Visium’s offerings in regulated‑industry AI solutions, subject to definitive agreements and closing.
• Investor considerations: The LOI is non‑binding and the company emphasizes a structure intended to limit legacy liabilities; investors should watch for definitive transaction documents, financing details, potential dilution, and any material changes to the company’s balance sheet or guidance.