Visium Technologies, Inc. announced that it has entered into a securities purchase agreement for the private placement. The company issued 12% unsecured convertible promissory notes an aggregate purchase price of $150,000 on February 28, 2023. The convertible notes will due on March 1, 2024.

The transaction will include participation from two individual investors for unsecured convertible debentures of $75,000 each. The notes will carry an interest rate of 12% per annum, and are convertible at any time and from time to time into common shares. The securities are being issued pursuant to exemption under Regulation D.