debt
confidence high
sentiment neutral
materiality 0.40
Fuse Group issues $50K convertible note to Malaysian investor at $0.45/share
FUSE GROUP HOLDING INC.
- Sold $50,000 convertible promissory note to Liu Marketing (M) Sdn. Bhd. under Regulation S.
- Note bears 3% annual interest, payable Aug 19, 2023 and 2024, matures 24 months from payment date.
- Holder may convert outstanding balance into common stock at $0.45 per share at any time.
- Default includes non-payment or failure to deliver conversion shares; 45-day cure period before acceleration.