---
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"
generated_at: "2026-05-23T17:17:14.487419+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Fuse Group sells $40,000 convertible note at $0.33/share

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-25-000279
- JSON: https://secwatch.observer/filing/0001185185-25-000279.json
- Plain text: https://secwatch.observer/filing/0001185185-25-000279.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1636051/000118518525000279/0001185185-25-000279-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.