secwatch.observer — SEC 8-K summary
======================================

Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001185185-22-000325
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Group issues $100K convertible promissory note to Liu Marketing at $0.45 conversion price
--------------------------------------------------------------------------------

- Principal $100,000, interest 3% p.a., payable March 2023 and 2024.
- Maturity 24 months from funding date; conversion price $0.45 per share.
- Note sold under Regulation S exemption to Malaysian company Liu Marketing.
- Event of default triggers acceleration; conversion rights at holder's option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522000325/0001185185-22-000325-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522000325/fuseent20220323_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-000325

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer