secwatch.observer — SEC 8-K summary
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Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001185185-23-000585
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Group secures $50K convertible note from Malaysian entity; conversion at $0.45/sh
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- Sold $50,000 convertible promissory note to Liu Marketing (M) Sdn. Bhd. under Regulation S.
- Note bears 3% annual interest; matures 24 months from purchase price payment.
- Outstanding balance convertible at holder’s option at $0.45 per common share.
- Interest payable on May 29, 2024 and 2025.
- Company authorized sufficient shares for potential conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000585/0001185185-23-000585-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000585/fusegroup20230530_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000585

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