Visium Technologies signs term sheet to transfer device rights into new Indonesian PMA unit
VISM•Term sheet for Indonesian PMA unit
- Visium Technologies signed a non-binding term sheet to assign specified contract-use, offtake, and deployment rights into a new Indonesian PMA company.
- A wholly owned Delaware unit would hold a 99% stake in the Indonesian vehicle.
- The proposed deal is an asset assignment, not an acquisition of an operating company or semiconductor manufacturing business.
- Closing remains conditional on key approvals and consents, including device specifications, export-control classification, Indonesian approvals, and Florida corporate approvals.
