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

Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001185185-22-001006
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Group issues $50K convertible note to Malaysian investor at $0.45/share
----------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522001006/0001185185-22-001006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522001006/fuseent20220823b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-001006

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