Visium Technologies Announces 1-for-1,500 Reverse Stock Split

What Happened
Visium Technologies, Inc. (VISM) filed an 8-K on September 11, 2026, announcing a reverse stock split combining every 1,500 pre-split shares of common stock into one post-split share, and an amendment to reduce authorized common shares. The company filed Articles of Amendment with the Florida Department of State on September 11, 2026.

Key Details

• Reverse split ratio: 1-for-1,500 (each 1,500 pre-split shares → 1 post-split share). Par value remains $0.0001 per share.
• Authorized shares reduced from 3,000,000,000 to 2,000,000 common shares.
• Rounding and treatment: conversion done lot-by-lot with half-up rounding (fractions ≥0.5 rounded up). Lots with fewer than 750 pre-split shares (quotient <0.5) were extinguished and received zero post-split shares; no cash paid for fractions or extinguished lots.
• Conversion run: against 1,269,817,102 pre-split shares, a half-up re-run produced 846,540 post-split shares outstanding (about 4.73 shares fewer than the unrounded aggregate quotient). Of 553 registered names on the conversion map, 64 retained one or more post-split shares and 489 were reduced to zero.
• Preferred stock: the reverse split and authorized-share reduction do not change authorized/outstanding shares, stated value, or rights of any series of preferred stock except where a Certificate of Designation or convertible instrument expressly provides otherwise.

Why It Matters
For investors, a reverse split consolidates the company’s common shares and substantially reduces the reported share count and authorized share pool. That can change per-share metrics and typically reduces the number of holders with small balances (many retail accounts were extinguished under the lot rules). The filing does not state a cash payout for fractional holdings and does not give a rationale (e.g., listing compliance) beyond the amendments. Investors should note the official amendment filing date (Sept 11, 2026) and that preferred-stock rights were not altered by this action.