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[SCHEDULE 13D] VISIUM TECHNOLOGIES, INC. Major Shareholder Acquisition (>5%)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Visium Technologies, Inc. investor Cheddi Rai filed a Schedule 13D reporting beneficial ownership of approximately 146,444,342 shares of common stock, or 12.10% of the class on an as-converted and as-exercised basis. This stake comes mainly from Series E preferred stock convertible into common shares and stock options granted as equity compensation and in connection with Visium’s proposed acquisition of ConnexUs AI.

Rai is expected to become Visium’s Chief Operating Officer, Chief Technology Officer, and a director, and plans to participate actively in the company’s management and strategy. A 4.99% beneficial ownership cap limits how much of his preferred stock and options he can convert or exercise at any time, constraining his voting power relative to his total economic exposure.

Positive

  • None.

Negative

  • None.

Insights

Rai discloses a 12.1% economic stake in Visium with capped voting power.

The filing shows Cheddi Rai may beneficially own 146,444,342 common shares on an as-converted and as-exercised basis, equal to 12.10% of Visium’s common stock. This exposure arises from Series E Preferred Stock and stock options granted for services and in connection with the proposed ConnexUs AI acquisition.

Rai is expected to serve as Chief Operating Officer, Chief Technology Officer, and a director, implying a significant role in management and strategic decisions. However, a 4.99% beneficial ownership cap limits how much of his securities can be converted or exercised at any time, constraining his current voting and dispositive power versus his full economic interest.

The filing states no specific plans for mergers, major asset sales, or additional acquisitions beyond the described arrangements. Future company disclosures may clarify how the ConnexUs AI transaction and Rai’s leadership roles develop after the April 27, 2026 reference date.

Beneficially owned shares 146,444,342 shares As-converted and as-exercised basis as of filing date
Percent of class <percent>12.10%</percent> Portion of Visium common stock beneficially owned by Rai
Beneficial ownership cap <percent>4.99%</percent> Limit on Rai’s ability to convert or exercise into outstanding common stock
Event date <date>04/27/2026</date> Date of event requiring Schedule 13D filing
beneficial ownership financial
"The Reporting Person may be deemed to beneficially own shares of Common Stock consisting of..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Series E Preferred Stock financial
"shares of Series E Preferred Stock of the Issuer, which are convertible into shares of Common Stock"
Series E preferred stock is a specific class of company shares created in a later funding round that gives holders priority over common shareholders for payments and assets, often including a fixed dividend and special conversion or voting rights. Think of it as a VIP ticket that gets paid first and may convert into regular shares later; investors watch these terms because they affect potential returns, risk in a sale or bankruptcy, and control of the company.
equity incentive plan financial
"stock options exercisable for shares of Common Stock pursuant to the Issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
beneficial ownership cap regulatory
"including a 4.99% beneficial ownership cap that limits the Reporting Person's ability to convert or exercise"
A beneficial ownership cap is a rule that limits how much of a company a single investor or related group can effectively control, even if legal ownership could be higher. Think of it as a speed limit for ownership that prevents any one party from accumulating a controlling stake; it matters to investors because it affects takeover risk, voting power, dilution, and potential returns by shaping who can influence corporate decisions.
letter of intent financial
"a letter of intent relating to the Issuer's proposed acquisition of ConnexUs AI"
A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.





92836G309

(CUSIP Number)
VISIUM TECHNOLOGIES, INC.
4094 MAJESTIC LN, SUITE 360
FAIRFAX, VA, 22033
(703) 273-0383

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/27/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


Rai Cheddi
Signature:/s/ Cheddi Rai
Name/Title:Cheddi Rai
Date:04/28/2026

FAQ

What ownership stake did Cheddi Rai report in Visium Technologies (VISM)?

Cheddi Rai reported beneficial ownership of about 146,444,342 Visium common shares, representing 12.10% of the company’s common stock on an as-converted and as-exercised basis. This reflects preferred shares and options tied to his role and the ConnexUs AI transaction.

How did Cheddi Rai acquire his Visium Technologies (VISM) securities?

Rai’s Visium securities were issued as equity compensation and in connection with Visium’s proposed acquisition of ConnexUs AI. He received Series E preferred stock convertible into common shares and stock options, with no cash paid and no borrowed funds used.

What roles is Cheddi Rai expected to hold at Visium Technologies (VISM)?

Rai is expected to serve as Chief Operating Officer, Chief Technology Officer, and a director of Visium. In these roles, he intends to participate actively in management and strategic direction, including discussions on strategy, capital structure, governance, and financing.

What is the 4.99% beneficial ownership cap mentioned in the Visium (VISM) filing?

The filing states Rai’s securities are subject to a 4.99% beneficial ownership cap. This limits his ability to convert or exercise preferred shares and options if doing so would push his beneficial ownership above 4.99% of Visium’s outstanding common stock at any time.

Does Cheddi Rai’s Schedule 13D for Visium (VISM) describe additional acquisition plans?

Beyond the proposed ConnexUs AI acquisition and his compensation-related securities, Rai states he currently has no specific plans for additional acquisitions, major asset sales, or corporate reorganizations, though he may make recommendations to Visium’s board as an officer and director.