secwatch.observer — SEC 8-K summary
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Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2023-04-13T23:59:59+00:00
Accession:  0001185185-23-000333
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 raises $100k via two convertible notes at 3% interest, $0.45 conversion price
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- Entered two Convertible Promissory Note Purchase Agreements with Liu Marketing (M) Sdn. Bhd. for $50,000 each on Feb 24 and Apr 10, 2023.
- Notes bear 3% annual interest, mature 24 months from funding; conversion price $0.45/share at holder's option.
- Total principal amount of $100,000; both notes sold under Regulation S exemption from registration.
- Interest payable on Feb 24 and Apr 10 of 2024 and 2025; default triggers 90-day cure period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000333/0001185185-23-000333-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000333/fusegroup20230412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000333

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