Compa y commits to i depe de t boa d ove sight; P ese ves all sha eholde s’ positio s by esci di g p oposed eve se split
FAIRFAX, Va., Nov. 03, 2026 (GLOBE NEWSWIRE) — Visium Tech ologies, I c. (OTC: VISM) (“Visium” o the “Compa y”), a develope of AI-e abled cybe secu ity a d data i tellige ce solutio s, today p ovided a update to sha eholde s followi g the leade ship cha ge epo ted i its Cu e t Repo t o Fo m 8-K filed Octobe 30, 2026 (the “Fo m 8-K”).
Leade ship t a sitio
Paul R. Taylo esig ed as Chai ma , Chief Executive Office a d a di ecto of the Compa y effective Octobe 26, 2026. Ma k B. Lucky, the Compa y’s Chief Fi a cial Office , T easu e a d Sec eta y, is the Compa y’s sole di ecto . O Octobe 28, 2026, he was also desig ated i te im p i cipal executive office , u til a Chief Executive Office is appoi ted. M . Lucky has se ved as the Compa y’s Chief Fi a cial Office , T easu e a d Sec eta y si ce Feb ua y 2018, a d as a di ecto si ce Feb ua y 2018. F om Feb ua y 2018 u til Ap il 27, 2026, he also se ved as Chai ma of the Boa d a d Chief Executive Office . He p eviously se ved as the Compa y’s i te im Chief Fi a cial Office f om August 2016 to Ap il 2017.
“My p io ities a e st aightfo wa d: p otect the i te ests of all of ou sha eholde s, put st o g i depe de t ove sight i place, a d keep the Compa y cu e t a d t a spa e t i its epo ti g,” said M . Lucky. “We a e acti g quickly to b i g i depe de t di ecto s o to the Boa d, to wo k co st uctively with ou audito s, a d to focus ou limited esou ces o the tech ology a d pa t e ships that ca c eate value fo sha eholde s.”
I depe de t boa d ove sight
The Compa y i te ds to i c ease its Boa d to th ee membe s a d to elect two di ecto s who a e i depe de t of ma ageme t a d of the Compa y’s p i cipal sha eholde s. The i depe de t di ecto s will fo m a Special Committee to ove see:
- the fi a cial- epo ti g matte s desc ibed i the Compa y’s Fo m 8-K;
- elated-pa ty matte s;
- a y matte i which M . Lucky has a pe so al i te est; a d
- a y t a sactio with the Compa y’s p i cipal sha eholde s.
No di ecto has yet bee elected. U til the Special Committee is i place, M . Lucky i te ds to act as sole di ecto o ly o matte s that a e equi ed by law o a e ecessa y to ope ate a d p ese ve the Compa y.
Sha eholde p otectio s
No eve se split. The Boa d has esci ded a y app oval of the 1-fo -1,500 eve se stock split p oposed i Septembe 2026, a d di ected that it ot be effected. As p oposed, it would have elimi ated, without payme t, eve y holdi g of fewe tha 750 sha es. No sha es we e combi ed o ca celled. Eve y sha eholde ‘s positio is u cha ged, a d autho ized commo stock emai s 3,000,000,000 sha es. The Compa y’s Fo m 8-K also co ects its Cu e t Repo ts filed Septembe 11 a d Septembe 21, 2026, a d elated stateme ts i its A ual Repo t o Fo m 10-K, which had desc ibed the split as effective o app oved.
No issua ce of voti g co t ol. Pe di g eview by the i depe de t di ecto s, the Compa y will ot issue p efe ed stock o othe secu ities ca yi g voti g co t ol.
Fi a cial epo ti g
Befo e esig i g, M . Taylo delive ed a office ‘s ce tificate to the Compa y’s i depe de t egiste ed public accou ti g fi m. It co cluded that ce tai p eviously issued fi a cial stateme ts should o lo ge be elied upo . The Compa y has ot made a dete mi atio ega di g that co clusio . The Special Committee will evaluate these matte s, togethe with additio al matte s M . Taylo aised afte his esig atio . Depe di g o the outcome of that evaluatio , amou ts i p eviously issued fi a cial stateme ts could be evised o estated. See the Fo m 8-K fo details.
O Novembe 1, 2026, M . Taylo fu ished the Compa y with a lette stati g that he disag ees with ce tai stateme ts i the Fo m 8-K. As equi ed by SEC ules, the Compa y today filed his lette as a exhibit to Ame dme t No. 1 to the Fo m 8-K.
The Compa y’s Qua te ly Repo t o Fo m 10-Q fo the qua te e ded Septembe 30, 2026 is due Novembe 16, 2026. The Compa y i te ds to file it by that date o withi the exte sio pe iod available u de Rule 12b-25. Timi g depe ds i pa t o completio of the equi ed eview by the Compa y’s i depe de t egiste ed public accou ti g fi m.
Busi ess a d st ategy
Visium’s p i cipal platfo m, T uCo text™, is a AI-e abled cybe secu ity a d data i tellige ce platfo m. It combi es data i gestio , g aph-based a alytics, visualizatio a d th eat hu ti g to help o ga izatio s u de sta d complex, i te co ected data i eal time. T uCo text is comme cially available a d is bei g ma keted th ough di ect a d pa t e -led cha els. Visium ow s this tech ology out ight th ough its subsidia y, Visium A alytics, LLC. The Compa y’s po tfolio also i cludes T uClaw™, fo gove a ce of age tic a d auto omous AI; T u-I sight™, fo AI-d ive video i tellige ce; a d ELI™, fo i tellige t video su veilla ce.
The Compa y has ot ge e ated eve ue f om its p oducts i ece t fiscal yea s, a d its cash esou ces a e ve y limited. With the suppo t of its i depe de t di ecto s o ce they a e seated, the Compa y is evaluati g fi a ci g a d st ategic alte atives. A y fu di g is i te ded to fu d ope atio s, adva ce comme cializatio of its tech ology a d maximize value fo all sha eholde s, a d may i clude st ategic pa t e ships, lice si g a d othe t a sactio s. The e ca be o assu a ce that a y fi a ci g o t a sactio will be completed.
Sha eholde commu icatio s
The Compa y will co ti ue to keep sha eholde s i fo med th ough its SEC fili gs a d p ess eleases. Sha eholde s with questio s may co tact the Compa y at IR@VisiumTech ologies.com.
About Visium Tech ologies
Visium Tech ologies, I c. (OTC: VISM), based i Fai fax, Vi gi ia, develops AI-e abled cybe secu ity, data i tellige ce a d a alytics solutio s, i cludi g its T uCo text™ platfo m, which help o ga izatio s tu complex, co ected data i to actio able i tellige ce. Fo mo e i fo matio , visit www.visiumtech ologies.com.
Fo wa d-Looki g Stateme ts
This p ess elease co tai s fo wa d-looki g stateme ts, i cludi g stateme ts about:
- the electio of i depe de t di ecto s, a d the fo matio a d wo k of a Special Committee;
- the timi g of the Compa y’s pe iodic epo ts;
- the evaluatio of fi a ci g a d st ategic alte atives, a d the comme cializatio of the Compa y’s tech ology; a d
- the outcome of the evaluatio of p eviously issued fi a cial stateme ts.
Wo ds such as “i te ds,” “will,” “expects,” “pla s” a d “evaluati g” ide tify fo wa d-looki g stateme ts. They a e based o cu e t expectatio s a d a e subject to isks a d u ce tai ties that could cause actual esults to diffe mate ially. These i clude:
- the Compa y’s ability to ide tify a d att act qualified i depe de t di ecto s a d to obtai di ecto s’ a d office s’ liability i su a ce;
- its ve y limited cash a d its eed fo immediate fi a ci g, which may ot be available o acceptable te ms o at all;
- the outcome of the evaluatio of the matte s desc ibed i its Fo m 8-K, i cludi g whethe a y p eviously issued fi a cial stateme ts will be evised o estated, a d whethe a y p eviously issued fi a cial stateme ts will be dete mi ed ot to be eliable;
- its elatio ship with its i depe de t egiste ed public accou ti g fi m;
- actio s by its p i cipal sha eholde s, who hold a majo ity of its voti g powe ;
- its histo y of losses a d lack of eve ue;
- competitio ; a d
- the othe isks desc ibed i its A ual Repo t o Fo m 10-K fo the fiscal yea e ded Ju e 30, 2026 a d its othe SEC fili gs.
Reade s a e cautio ed ot to place u due elia ce o these fo wa d-looki g stateme ts, which speak o ly as of the date of this p ess elease. The Compa y u de takes o obligatio to update a y fo wa d-looki g stateme t, except as equi ed by law.
Co tact:Ma k B. Lucky, Chief Fi a cial Office a d i te im P i cipal Executive Office Visium Tech ologies, I c.IR@VisiumTech ologies.com · (703) 400-6392
