Visium Technologies Provides Shareholder Update on Leadership Transition, Governance and Path Forward

Visium Technologies announced a leadership transition with Paul R. Taylor's resignation as Chairman and CEO, replaced by interim principal executive officer Mark B. Lucky. The company rescinded a proposed 1-for-1,500 reverse stock split to protect shareholder positions, committed to independent board oversight through a Special Committee, and disclosed that certain previously issued financial statements may require revision or restatement. The company faces very limited cash resources and is evaluating financing and strategic alternatives.