Visium Technologies corrects $375K share purchase
The amended report corrects the common-stock purchase date to April 3, 2026, and its price to $0.00075 per share.
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Rhea-AI Filing Summary
Visium Technologies, Inc. (VISM) reports that PT Smart Green Technologies (PTSG) purchased 500,000,000 common shares on April 3, 2026, at $0.00075 per share, for $375,000, and is also reported as purchasing three Series AA Convertible Preferred Stock shares for $300,000. The purchases were made under separate private placement memoranda. PTSG used working capital, and none of the purchase price was borrowed.
Reporting person Bo Niclas Adler, identified as a 10% owner, is a commissioner and ultimate beneficial owner of PTSG. He may be deemed to share voting and dispositive power with PTSG and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest. The amendment corrects the common-stock transaction date and price; no Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series AA Convertible Preferred Stock F2, F3, F4, F1 | 3 | -- | -- |
| Purchase | Common Stock, par value $0.0001 per share F1 | 500,000,000 | $0.0007 | $350K |
Footnotes (4)
- F1. Held directly by PT Smart Green Technologies ("PTSG"), a perseroan terbatas organized in the Republic of Indonesia, of which the reporting person is a commissioner and the ultimate beneficial owner. The reporting person may be deemed to share voting and dispositive power with PTSG, and disclaims beneficial ownership except to the extent of his pecuniary interest.
- F2. Each share of Series AA Convertible Preferred Stock is convertible into one share of Common Stock. As described by the Issuer, the Series AA votes with the Common Stock as a single class and carries 51% of the total voting power, shared pro rata among the outstanding shares. The reporting person disputes that the Series AA was validly designated or issued, and all rights are reserved. The Series AA is reported here as the Issuer's records show it. See the reporting person's Form 3 and Schedule 13D.
- F3. The three shares of Series AA were acquired for $300,000 ($100,000 per share) under Private Placement Memorandum No. 1, and the 500,000,000 shares of Common Stock for $375,000 ($0.00075 per share) under Private Placement Memorandum No. 2, each on April 3, 2026. The funds came from the working capital of PTSG. No part of the purchase price was borrowed.
- F4. Exercisable immediately; no expiration date.
Key Figures
Key Terms
Private Placement Memorandum No. 1 financial
Private Placement Memorandum No. 2 financial
working capital financial
dispositive power financial
pecuniary interest financial
FAQ
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How much did PT Smart Green Technologies pay for VISM Series AA preferred stock?
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