Paul Taylor will step in as chairman and CEO as the OTC-listed company pivots toward governed enterprise AI.

April 29, 2026

Visium Technologies has signed a non-binding letter of intent to acquire ConnexUS AI and secure a worldwide commercial license to the RAGböx platform, a move that would reposition the OTC-listed company as a focused public-market vehicle for governed, enterprise-grade agentic artificial intelligence.

The Fairfax, Virginia-based company, which trades under the ticker VISM, disclosed the agreement in a press release dated April 27, 2026. The letter of intent itself was executed on March 29. Under the proposed terms, Visium would acquire all equity in ConnexUS AI from holders of WXYZ Hosting LLC and AdRetreaver LLC for nominal cash plus the assumption of two small founder-owned callable convertible promissory notes totaling $350,000 in principal. All other prior obligations of the sellers’ entities would be excluded except where specifically assumed in the definitive agreements.

Transaction Structure

As part of the transaction, Visium plans to separate its legacy operating activities from the post-closing public company. The exact form and mechanics of that separation remain under evaluation and will be detailed in subsequent definitive agreements and SEC filings. The stated objective is to allow the post-closing entity to operate with a clean GAAP-compliant balance sheet and segmented financial reporting focused on the ConnexUS voice-AI business and the RAGböx subscription platform.

The RAGböx intellectual property will be transferred to ARPRT LLC, a Florida entity, which will grant Visium a worldwide, royalty-bearing, non-exclusive commercial license. Under the license terms, Visium will pay ARPRT a fixed annual fee plus 60% of monthly net operating income from the RAGböx subscription business, retaining 40% for itself. ARPRT will keep majority approval rights over any future acquisitions, mergers, sublicenses, or material modifications to the licensed IP.

Leadership Overhaul

Effective at closing, Paul Taylor will assume the roles of chairman and chief executive officer. Cheddie Rai will join as chief technology officer and chief operating officer. Mark Lucky, who has led Visium as CEO during its restructuring period, will continue with the company as chief financial officer. David Pierce and his engineering team will lead RAGböx product development, while ConnexUS will continue to drive voice-AI revenue and customer onboarding.

The Underlying Businesses

ConnexUS operates voice-AI representatives, branded V-Reps, currently deployed across 38 implementations serving 14 paying customers. The business generates approximately $374,000 in annual recurring revenue, with reported 100% uptime and a 95% customer satisfaction rating. The V-Reps handle phone, email, and chat triage, deliver around-the-clock support, and integrate with managed-service-provider workflows.

RAGböx is positioned as a governed, enterprise-grade no-code Retrieval-Augmented Generation platform developed by Taylor and Pierce. It allows authorized users to upload proprietary document repositories and query them in plain English through configurable AI agents — referred to as RAG brains — modeled on defined professional personas such as a risk-focused general counsel or a GAAP-compliant CFO. The platform leans on the ConnexUS orchestration engine and a reliability layer called Proteus, supports multi-agent systems with cryptographic hashing and attribute-based access controls, and includes one-click attorney-client privilege toggles.

Outputs are grounded exclusively in user documents, accompanied by source, page, and paragraph citations, and recorded immutably through a feature called the Veritas audit trail. Once deployed, RAG brains are write-once and execute-only — a design intended to eliminate silent model drift. The governance architecture draws from SEC Rule 17a-4, HIPAA, and standard books-and-records requirements.

RAGböx will be offered in two subscription tiers:

• Solo Plan: $99 per month following a seven-day free trial, supporting one user and three immutable RAG brains.
• Master Account Plan: $499 per month base, supporting up to five users and 25 immutable RAG brains, with enterprise scaling available.

Market Context and Risks

Visium is targeting the enterprise Retrieval-Augmented Generation and agentic AI segment, which third-party industry research estimates at more than $5 billion in 2026, with year-over-year growth above 50%. The company cautioned that those figures are forward-looking estimates and that actual outcomes could differ materially.

The letter of intent is non-binding, except for customary confidentiality and exclusivity provisions. Completion of the transaction remains subject to negotiation of definitive agreements, satisfactory due diligence, customary closing conditions, and applicable securities-law compliance. Visium is targeting a Q2 2026 closing, though the company emphasized there is no assurance the deal will close on the described terms or at all.

Visium Technologies is a Florida corporation that files periodic reports with the SEC. Following completion of the proposed transaction, the company expects to operate as a focused public commercial platform for AI-driven document intelligence and voice-AI solutions.