Fuse Group Holding Inc. Reports Unregistered Equity Sale
Ticker: FUST · Form: 8-K · Filed: May 16, 2024 · CIK: 1636051
Sentiment: neutral
Topics: unregistered-sale, equity-securities
TL;DR
Fuse Group Holding Inc. sold unregistered equity, details TBD.
AI Summary
Fuse Group Holding Inc. announced on May 15, 2024, the unregistered sale of equity securities. The filing does not disclose the specific number of securities sold, the price per security, or the total dollar amount of the transaction. The company is incorporated in Nevada and its principal executive offices are located in Arcadia, California.
Why It Matters
This filing indicates a transaction involving the company's equity that was not registered with the SEC, which could have implications for investors regarding transparency and regulatory compliance.
Risk Assessment
Risk Level: medium — Unregistered sales can sometimes indicate financial distress or a need for capital, and lack of public details raises concerns for investors.
Key Players & Entities
- Fuse Group Holding Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- Arcadia, CA (location) — Principal executive offices
FAQ
What type of equity securities were sold?
The filing states 'Unregistered Sales of Equity Securities' but does not specify the type of securities.
How many securities were sold?
The filing does not provide the number of securities sold.
What was the price per security?
The filing does not disclose the price per security.
What was the total dollar amount of the transaction?
The filing does not specify the total dollar amount of the unregistered equity sale.
Were there any underwriters or placement agents involved in this unregistered sale?
The provided text of the filing does not mention any underwriters or placement agents.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-05-16 16:31:06
Key Financial Figures
- $51,319 — principal and interest of the Note) of $51,319 for 114,043 shares of common stock of t
- $0.45 — he "Shares") at the conversion price of $0.45 per share. The details of the Note have
Filing Documents
- fusegroup20240515_8k.htm (8-K) — 21KB
- 0001185185-24-000539.txt ( ) — 150KB
- fuse-20240515.xsd (EX-101.SCH) — 3KB
- fuse-20240515_def.xml (EX-101.DEF) — 10KB
- fuse-20240515_lab.xml (EX-101.LAB) — 19KB
- fuse-20240515_pre.xml (EX-101.PRE) — 10KB
- fusegroup20240515_8k_htm.xml (XML) — 3KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities On May 15, 2024, Fuse Group Holding Inc. (the "Company") received a written notice from Liu Marketing (M) SDN BHD (the "Lender"), pursuant to certain Convertible Promissory Note made by the Company in favor of Lender on June 29, 2023 (the "Note"), that the Lender elected to convert all of the Note balances (including principal and interest of the Note) of $51,319 for 114,043 shares of common stock of the Company (the "Shares") at the conversion price of $0.45 per share. The details of the Note have been disclosed in the interim reports and/or periodic reports of the Company filed with SEC. The Shares will be issued to the Lender pursuant to an exemption from registration under Regulation S, promulgated under the Securities Act of 1933, as amended.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Fuse Group Holding Inc. Date: May 16, 2024 By: /s/ Umesh Patel Umesh Patel Chief Executive Officer