{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-23-000685","form_type":"8-K","ticker":"FUST","cik":"0001636051","company_name":"FUSE GROUP HOLDING INC.","filed_at":"2023-07-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.638912+00:00","generated_at":"2026-06-13T11:56:50.296393+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Fuse Group issues $50K convertible note; lender converts $716K prior debt into 1.59M shares","bullets":["Issued $50,000 convertible note to Liu Marketing (M) Sdn. Bhd. at 3% interest, convertible at $0.45/share, maturing in 24 months.","Liu Marketing converted $716,767 of prior notes into 1,592,816 shares of common stock at $0.45 per share.","Conversion covers all balances of 12 prior notes issued from Feb 2022 to May 2023.","Both transactions were exempt from registration under Regulation S."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-23-000685","json":"https://secwatch.observer/filing/0001185185-23-000685.json","markdown":"https://secwatch.observer/filing/0001185185-23-000685.md","text":"https://secwatch.observer/filing/0001185185-23-000685.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/0001185185-23-000685-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/fusegroup20230706_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T11:56:50.296393+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29d5166575bbdcea1ede308a2f80bf588df4fb8f","claim":"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.","evidence_excerpt":"On June 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”). The Note bears interest at the rate of 3% per annum, which are payable on June 29 of 2024 and 2025. The Note will mature on the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/0001185185-23-000685-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$50,000"},{"label":"Counterparty","value":"Liu Marketing (M) Sdn. Bhd."},{"label":"Rate","value":"3% per annum"},{"label":"Maturity","value":"the date that is twenty-four months from the date that the purchase price of the Note is paid to the Company"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c14c344d958ddcfd7f9e3e7c517c3695dfcdecb9","claim":"FUSE GROUP HOLDING INC. entered into Convertible Promissory Notes Purchase Agreement with Liu Marketing (M) Sdn. Bhd. valued at $50,000 (effective 2023-06-29).","evidence_excerpt":"On June 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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/0001185185-23-000685-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Liu Marketing (M) Sdn. Bhd."},{"label":"Value","value":"$50,000"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}