Visium Technologies, Inc. Announces Discontinuation of Reverse Split
Visium Technologies, Inc. (OTC PINK:VISM) announced on March 10, 2021, that it will not proceed with the previously approved reverse stock split. The Board of Directors made this decision to align with current conditions and enhance shareholder interests. CEO Mark Lucky expressed confidence in the company's direction and support from stakeholders. Visium specializes in global cybersecurity and technology solutions to safeguard enterprise data and applications.
- Discontinuation of the reverse stock split may enhance shareholder confidence.
- CEO Mark Lucky noted increasing support for the company, indicating potential positive market sentiment.
- Potential inability to meet future listing standards on the NYSE American could pose risks.
FAIRFAX, VA / ACCESSWIRE / March 10, 2021 / Visium Technologies, Inc. ("Visium" or the "Company") (OTC PINK:VISM) today announced that its Board of Directors has determined not to move forward with the reverse stock split that was approved by the Company's shareholders last year. The Company will take such steps as are necessary to effect the discontinuation of such reverse stock split.
Mark Lucky, CEO of Visium Technologies, Inc., stated, "We are happy to see increasing support and confidence in our company and our operations. Based on current conditions, we believe that discontinuing the reverse split will ultimately be in the best interests of the Company and its shareholders."
About Visium Technologies, Inc.
Visium Technologies, Inc. (OTC PINK:VISM) is a Florida corporation based in Fairfax, Virginia, focused on global cybersecurity clarity, machine learning, advancing technology and automating services to support enterprises in protecting their most valuable assets - their data, business applications, and IoT on their networks and in the cloud.
For more information please visit www.visiumtechnologies.com
Safe Harbor Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements that reflect management's current views with respect to future events and performance. These forward-looking statements are based on management's beliefs and assumptions and information currently available. The words "believe," "expect," "anticipate," "intend," "estimate," "project" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Investors should be cautious in relying on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed in any such forward-looking statements. These factors include, but are not limited to, whether the reverse stock split will be beneficial to the Company and its shareholders, any inability to meet the NYSE American continued listing standards in the future for any reason, and those other factors described in our filings with the U.S. Securities and Exchange Commission. Any responsibility to update forward-looking statements is expressly disclaimed.
Contact:
Visium Technologies, Inc.
Corporate: Mark Lucky, Chief Executive Officer
mlucky@visiumtechnologies.com
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Corporate Office:
4094 Majestic Lane Suite 360
Fairfax, VA 22033
Phone: 703-273-0383
Investor Relations:
Peter Nicosia
Bull in Advantage, LLC
Phone: 585-703-6565
Email: Info@BlueHorseshoeStocks.com
SOURCE: Visium Technologies, Inc.
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https://www.accesswire.com/634651/Visium-Technologies-Inc-Announces-Discontinuation-of-Reverse-Split
FAQ
Why did Visium Technologies discontinue the reverse stock split?
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