{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-25-000279","form_type":"8-K","ticker":"FUST","cik":"0001636051","company_name":"FUSE GROUP HOLDING INC.","filed_at":"2025-04-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.150134+00:00","generated_at":"2026-05-23T17:17:14.487419+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Fuse Group sells $40,000 convertible note at $0.33/share","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-25-000279","json":"https://secwatch.observer/filing/0001185185-25-000279.json","markdown":"https://secwatch.observer/filing/0001185185-25-000279.md","text":"https://secwatch.observer/filing/0001185185-25-000279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1636051/000118518525000279/0001185185-25-000279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1636051/000118518525000279/fust8k040925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T17:17:14.487419+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":"a1f9fdc51326307429a56fc9f111dd203b3f45c1","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1636051/000118518525000279/0001185185-25-000279-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$40,000"},{"label":"Counterparty","value":"Chen Fei Li"},{"label":"Rate","value":"3% per annum"},{"label":"Maturity","value":"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"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}