Visium Technologies, Inc. announced that it has entered a securities purchase agreement with returning investor 1800 Diagonal Lending LLC to issue a 10% convertible promissory note in the principal amount of $47,000 in exchange for a purchase price of $45,000 on September 12, 2023. An original issue discount of $2,000 was applied on the issuance date, and on such date pursuant to the purchase agreement, the company reimbursed the investor for expenses for legal fees and due diligence of $5,000. The Note matures 12 months after the date of issuance.

The note is convertible into shares of the company?s common stock at any time during the period the note is outstanding, at a fixed conversion price of $1.50 within 180 days following the issue date and at a variable conversion price of 65% multiplied by certain lowest trading price of the company?s common stock thereafter.