secwatch.observer — SEC 8-K summary
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Issuer:     FUSE GROUP HOLDING INC. (FUST)
CIK:        0001636051
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001185185-23-000685
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fuse Group issues $50K convertible note; lender converts $716K prior debt into 1.59M shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/0001185185-23-000685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1636051/000118518523000685/fusegroup20230706_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000685

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