Visium Technologies, Inc. announced that it has entered into a Securities Purchase Agreement with returning 1800 Diagonal Lending, LLC to issue 15% convertible promissory note in the principal amount of $57,500 and at an issue price of $50,000 for the gross proceeds of $50,000 on December 1, 2023. At no time may the Note be converted into shares of our common stock if such conversion would result in the Lender and its affiliates owning an aggregate of in excess of 4.99% of the then outstanding shares of our common stock. The exemption from registration for the issuance of the Note and the shares of our common stock issuable upon exercise or conversion thereof pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the ?Securities Act?) and/or Rule 506(b) of Regulation D thereunder, since the foregoing issuances did not involve a public offering.

The note bears interest rate of 15% and matures on August 30, 2024. The transaction is expected to close on December 5, 2023. The company has disclosed the issue expenses of $5,000 for legal fees and due diligence resulting in net proceeds to of $45,000.