FUSE GROUP HOLDING INC. (FUST): debt financing — Fuse Group sells $40,000 convertible note at $0.33/share

FUSE GROUP HOLDING INC.

Principal $40,000, 3% annual interest, matures 24 months after purchase price date.
Conversion price fixed at $0.33 per share; holder may convert any time until paid in full.
Purchaser is Chen Fei Li, a non-U.S. person; note issued under Regulation S exemption.
Borrower may prepay all or portion; default grace period of 45 days after notice.
If default uncured, holder may accelerate entire outstanding balance immediately due in cash.

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 $40,000 with Chen Fei Li at 3% per annum maturing twenty-four months from the date that the purchase price of the Note is paid to the Company.

Instrument: convertible notes
Principal: $40,000
Counterparty: Chen Fei Li
Rate: 3% per annum
Maturity: 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 March 21, 2025, Fuse Group Holding Inc. (the “Company”), entered into a Convertible Promissory Note Purchase Agreement (the “Agreement”) with Chen Fei Li, a Chinese citizen (the “Purchaser”). Pursuant to the Agreement, the Company sold a Convertible Promissory Note to the Purchaser with a principal amount of $40,000 (the “Note”). The Note bears interest at the rate of 3% per annum, which are payable on March 20 of 2026 and 2027. 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.

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Source: SEC EDGAR

accession 0001185185-25-000279

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