Fuse Group Holding Inc. Files 8-K with Bylaw Amendments
Ticker: FUST · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1636051
Sentiment: neutral
Topics: corporate-governance, filing, financials
TL;DR
Fuse Group Holding Inc. filed an 8-K on 9/23 for 9/19 events, including bylaw changes & financials.
AI Summary
Fuse Group Holding Inc. filed an 8-K on September 23, 2024, reporting events as of September 19, 2024. The filing primarily concerns amendments to its Articles of Incorporation or Bylaws and includes financial statements and exhibits. The company, formerly Fuse Enterprises Inc., is incorporated in Nevada and operates in the Metal Mining sector.
Why It Matters
This filing indicates potential changes in the company's governance structure or operational rules, which could impact its strategic direction and shareholder rights.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate actions and financial statements, not indicating immediate financial distress or significant operational shifts.
Key Numbers
- 333-202948 — SEC File Number (Identifies the company's filing with the SEC)
- 47-1017473 — IRS Employer Identification No. (Company's tax identification number)
Key Players & Entities
- Fuse Group Holding Inc. (company) — Registrant
- Fuse Enterprises Inc. (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
- September 19, 2024 (date) — Date of earliest event reported
- September 23, 2024 (date) — Filing date
FAQ
What specific amendments were made to the Articles of Incorporation or Bylaws?
The filing indicates that amendments were made, but the specific details of these amendments are not provided in the provided text excerpt. The full filing would contain these details.
What is the nature of the financial statements and exhibits included in the filing?
The filing states that financial statements and exhibits are included, but their specific content or nature is not detailed in the provided excerpt.
When did Fuse Group Holding Inc. change its name from Fuse Enterprises Inc.?
The date of the name change from Fuse Enterprises Inc. to Fuse Group Holding Inc. was March 9, 2015.
What is the principal executive office address of Fuse Group Holding Inc.?
The principal executive offices are located at 805 W. Duarte Rd., Suite 102, Arcadia, CA 91007.
What is the SIC code for Fuse Group Holding Inc.?
The Standard Industrial Classification (SIC) code for Fuse Group Holding Inc. is 1000, which corresponds to Metal Mining.
Filing Stats: 654 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-09-23 16:00:37
Key Financial Figures
- $0.001 — rized shares of common stock, par value $0.001 (the "Common Stock"), accompanied by a
Filing Documents
- fusegroup20240923_8k.htm (8-K) — 25KB
- ex_726487.htm (EX-3.1) — 20KB
- ex_726487img001.jpg (GRAPHIC) — 3KB
- fva_sig.jpg (GRAPHIC) — 4KB
- 0001185185-24-000907.txt ( ) — 174KB
- fuse-20240919.xsd (EX-101.SCH) — 3KB
- fuse-20240919_lab.xml (EX-101.LAB) — 19KB
- fuse-20240919_pre.xml (EX-101.PRE) — 10KB
- fusegroup20240923_8k_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On September 19, 2024, Fuse Group Holding Inc. (the "Company") filed a Certificate of Change with the State of Nevada (the "Certificate") to effect a 1-for-5 reverse stock split of the Company's authorized shares of common stock, par value $0.001 (the "Common Stock"), accompanied by a corresponding decrease in the Company's issued and outstanding shares of Common Stock (the "Reverse Stock Split"), effective upon filing. Following the Reverse Stock Split, the number of authorized shares of Common Stock of the Company shall be reduced from 375,000,000 to 75,000,000. Pursuant to the Nevada Revised Statutes, the Reverse Stock Split and Certificate of Change were approved by the Company's Board of Directors on July 10, 2024, and no shareholder approval was required. Fractional shares resulting from the Reverse Stock Split shall be rounded up to the nearest whole share, and all shares of Common Stock (including fractions thereof) issuable upon the Reverse Stock Split to a given shareholder shall be aggregated for the purpose of determining whether the Reverse Stock Split would result in the issuance of a fractional share. Each shareholder's percentage ownership interest in the Company and proportional voting power remains unchanged immediately following the effectiveness of the Certificate, except for minor changes and adjustments that will result from the treatment of fractional shares. The market effective date for the Reverse Stock Split will be September 24, 2024, at which time the Company's Common Stock will begin trading on the OTC Markets on a reverse split-adjusted basis. The new CUSIP number for the Company's Common Stock following the effectiveness of the Reverse Stock Split is 36116W 302. A copy of the Certificate is attached hereto as Exhibit 3.1 and is incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibits Number Description 3.1 Certificate of Change dated September 19, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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: September 23, 2024 By: /s/ Umesh Patel Umesh Patel Chief Executive Officer