Visium signs term sheet to assign device rights into newly formed Indonesian PMA unit
Bitget2026/09/22 13:30- Visium Technologies executed a non-binding term sheet to assign specified contract-use, offtake, deployment rights into a newly formed Indonesian PMA company.
- A wholly owned Delaware subsidiary would hold a 99% interest in the Indonesian vehicle.
- Structure is an assignment of identified rights, not an acquisition of any operating company equity.
- Closing remains conditional on consents, export-control classification, Indonesian approvals, site rights, written device specifications, corporate approvals.
- Consideration is expected to be non-voting convertible preferred stock in a private placement, not cash unless separately authorized.
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