Visium Technologies, Inc. (OTC: VISM) (“Visium” or the “Company”) today announced the appointment of Paul R. Taylor as Chief Executive Officer and Chairman of the Board and Cheddi Rai as Chief Operating Officer, Chief Technology Officer, and a member of the Board of Directors. The appointments are effective upon the closing of the Company’s acquisition of 100% of the equity of ConnexUs AI (DE) pursuant to the Stock Purchase Agreement executed under the terms of the revised Letter of Intent dated March 29, 2026.
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Mr. Taylor’s appointment is made pursuant to the fully executed amended Chairman and CEO Agreement dated March 28, 2026. Mr. Rai’s appointment is made pursuant to the Executive Employment Agreement (conformed for Visium) effective at Closing. Both appointments expand the Board in accordance with Florida law (Fla. Stat. § 607.0805).
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Following the appointments, the full Board of Directors consists of: • Paul R. Taylor – Chief Executive Officer and Chairman • Cheddi Rai – Chief Operating Officer and Chief Technology Officer • Mark Lucky – Chief Financial Officer (continuing). All directors and officers remain subject to the Company’s equity incentive plan and Florida fiduciary duties (Fla. Stat. §§ 607.0830–0831).
