---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-26-005603"
form_type: "8-K"
ticker: null
cik: "0000842722"
company_name: "Fuse Science, Inc."
filed_at: "2026-07-17T19:57:22+00:00"
generated_at: "2026-07-17T19:58:05.626900+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Court appoints receiver for Fuse Science; company insolvent with $0 assets, $0 cash

## Summary
- Court order June 17, 2026 appoints Peter D. Downey as Receiver; company has $0 assets and $0 cash per financial statements.
- Prior CEO Lei Zhang, President Meihua Xu, Secretary Minming Yang resigned/removed; Downey appointed Chairman, President, Treasurer; Irina Veselinovic Secretary and later CFO.
- Company faces $643,471 judgment from creditors; receiver authorized to take control of assets, investigate transfers, and wind down operations.
- Company intends to seek OTC Markets access restoration but no assurance of maintaining OTCID status.
- Receiver compensation at reasonable hourly rates subject to court approval; no employment agreements for new officers.

## SEC filing metadata
- accession: 0001683168-26-005603
- form_type: 8-K
- cik: 0000842722
- company_name: Fuse Science, Inc.
- filed_at: 2026-07-17T19:57:22+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/fuse_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-26-005603
- JSON: https://secwatch.observer/filing/0001683168-26-005603.json
- Plain text: https://secwatch.observer/filing/0001683168-26-005603.txt

## Key facts
- Executive change
  Minming Yang resigned as Company Secretary at Fuse Science, Inc..
  - Action: resigned
  - Role: Company Secretary
  source text: the Company accepted the resignations or removals by court order of Lei Zhang as Chief Executive Officer and Executive Director, Meihua Xu as President and Treasurer, and Minming Yang as Company Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- Executive change
  Irina Veselinovic was appointed as Secretary at Fuse Science, Inc..
  - Action: appointed
  - Role: Secretary
  source text: and Irina Veselinovic was appointed Secretary of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- Executive change
  Peter D. Downey was appointed as Chairman of the Board, President, Treasurer at Fuse Science, Inc..
  - Action: appointed
  - Role: Chairman of the Board, President, Treasurer
  source text: Effective as of June 24, 2026, Peter D. Downey was appointed Chairman of the Board, President, and Treasurer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- Executive change
  Lei Zhang resigned as Chief Executive Officer and Executive Director at Fuse Science, Inc..
  - Action: resigned
  - Role: Chief Executive Officer and Executive Director
  source text: the Company accepted the resignations or removals by court order of Lei Zhang as Chief Executive Officer and Executive Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- Executive change
  Irina Veselinovic was appointed as Chief Financial Officer at Fuse Science, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On June 29, 2026, Irina Veselinovic was further appointed Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
- Executive change
  Meihua Xu resigned as President and Treasurer at Fuse Science, Inc..
  - Action: resigned
  - Role: President and Treasurer
  source text: the Company accepted the resignations or removals by court order of Lei Zhang as Chief Executive Officer and Executive Director, Meihua Xu as President and Treasurer, and Minming Yang as Company Secretary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm

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