Visium Withdraws Series G Preferred Stock Issuance and Veto Claims
VISM sits 20% above its 52-week low of $0.001.
Summary
Visium Technologies filed an 8-K/A withdrawing its April 2026 claim that four shares of Series G Governing Preferred Stock were issued, deleting the Series G designation, and retracting related veto and EPS exclusion statements.
Key Events · Corporate Governance and Compliance · VISM
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Series G Issuance Withdrawn
The company now states no shares of Series G Governing Preferred Stock were ever issued on April 14, 2026 or at any time thereafter. No consideration was received, no certificates delivered, and no holder recorded on the stock ledger.
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Series G Designation Deleted
The Board deleted the Series G Certificate of Designation in its entirety, returning 100 shares to authorized but unissued preferred stock. The April 14, 2026 Florida filing of the certificate is not withdrawn, but the designation is now void.
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Veto and EPS Claims Retracted
The company withdrew statements that Series G veto rights were effective against Series A/B Convertible Preferred Stock, that conversion was 'remote', and that Series A/B could be excluded from diluted EPS under ASC 260. Diluted EPS will now be computed without any Series G theory.
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Remediation Plan Withdrawn
The 'Remediation Plan' for Series A and Series B described in the April 16, 2026 8-K is withdrawn as a Board program. Series A and B remain outstanding on their original terms.
Analysis · VISM · Technology
Visium Technologies is retracting a material governance disclosure from April 2026. The company now says no Series G Governing Preferred Stock was ever issued, no consideration was received, and the veto rights and EPS exclusion claims tied to that series were unfounded. This is a significant correction because the original filing had suggested Series G gave the board control over Series A and B conversions and could keep those shares out of diluted EPS. With the withdrawal, Series A and B remain outstanding on their original terms, and diluted EPS must be computed under ASC 260 without any Series G theory. For a company already reporting going concern issues and zero revenue, the retraction raises questions about the accuracy of prior disclosures and the board's internal controls.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, VISM was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $1.3M. The 52-week trading range was $0.00 to $0.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.