secwatch.observer — SEC 8-K summary
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Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001185185-22-001299
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Group raises $100K via convertible notes with Liu Marketing at $0.45/share
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- Two convertible promissory notes sold to Liu Marketing (M) Sdn. Bhd., each $50,000 principal, total $100,000.
- 3% annual interest, payable on Oct 6 and Nov 7 of 2023 and 2024; maturity 24 months from funding date.
- Conversion price $0.45 per common share; holder can convert any outstanding balance at any time.
- Notes issued under Regulation S exemption; proceeds not specified but likely for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522001299/0001185185-22-001299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518522001299/fuseent20221111_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-22-001299

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