secwatch.observer — SEC 8-K summary
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Issuer:     Fuse Science, Inc. (—)
CIK:        0000842722
Form:       8-K
Filed at:   2026-07-17T19:57:22+00:00
Accession:  0001683168-26-005603
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/0001683168-26-005603-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842722/000168316826005603/fuse_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005603

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