secwatch / observer
8-K filed May 30, 2023, 7:59 PM ET ticker FUST CIK 0001636051
debt confidence high sentiment neutral materiality 0.25

FUSE GROUP HOLDING INC. (FUST): debt financing — Fuse Group secures $50K convertible note from Malaysian entity; conversion at $0.45/sh

FUSE GROUP HOLDING INC.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FUSE GROUP HOLDING INC. incurred convertible notes of $50,000 with Liu Marketing (M) Sdn. Bhd. at 3% per annum maturing the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company.

Instrument
convertible notes
Principal
$50,000
Counterparty
Liu Marketing (M) Sdn. Bhd.
Rate
3% per annum
Maturity
the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company
Event
incurrence
Exact text from the filing
On May 29, 2023, Fuse Group Holding Inc. (the “Company”), entered into a Convertible Promissory Notes Purchase Agreement (the “Agreement”) with Liu Marketing (M) Sdn. Bhd., a company organized under the laws of Malaysia (the “Purchaser”). Pursuant to the Agreement, the Company sold a Convertible Promissory Note to the Purchaser with a principal amount of $50,000 (the “Note”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FUSE GROUP HOLDING INC. entered into Convertible Promissory Notes Purchase Agreement with Liu Marketing (M) Sdn. Bhd. valued at $50,000 (effective 2023-05-29).

Action
entry
Agreement
notes offering
Counterparty
Liu Marketing (M) Sdn. Bhd.
Value
$50,000
Effective
2023-05-29
Exact text from the filing
On May 29, 2023, Fuse Group Holding Inc. (the “Company”), entered into a Convertible Promissory Notes Purchase Agreement (the “Agreement”) with Liu Marketing (M) Sdn. Bhd., a company organized under the laws of Malaysia (the “Purchaser”). Pursuant to the Agreement, the Company sold a Convertible Promissory Note to the Purchaser with a principal amount of $50,000
View on SEC.gov

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FUSE GROUP HOLDING INC. filing history →

Source: SEC EDGAR
accession 0001185185-23-000585
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