Fuse Group issues $275K in 5% convertible notes
Fuse Group Holding Inc. entered into three Convertible Promissory Note Purchase Agreements with individual investors on January 30, 2026, issuing notes with a total principal of $275,000.
Rhea-AI Filing Summary
Fuse Group Holding Inc. entered into three Convertible Promissory Note Purchase Agreements with individual investors on January 30, 2026, issuing notes with a total principal of $275,000. The notes bear 5% annual interest and mature 24 months after the purchase price for each note is paid to the company.
Each note may be converted, at the holder’s option, into shares of Fuse Group common stock at a conversion price of $0.07 per share any time before the outstanding balance is repaid. The notes were sold to non-U.S. investors under Regulation S, providing the company with financing that can later turn into equity at the fixed conversion price.
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Insights
Fuse adds $275K of 5% convertible debt that can turn into equity at $0.07 per share.
Fuse Group Holding Inc. has raised funding through three Convertible Promissory Notes totaling $275,000. These notes carry a fixed 5% annual interest rate and a 24‑month maturity from when each purchase price is paid, adding interest‑bearing debt to the capital structure for up to two years.
Holders can convert any outstanding principal and interest into common stock at $0.07 per share until repayment, which introduces potential future share issuance. The notes were sold to non‑U.S. investors under Regulation S, so actual dilution will depend on whether these investors choose repayment in cash or conversion into equity.
8-K Event Classification
FAQ
What financing did Fuse Group Holding Inc. (FUST) announce in this 8-K?
What are the key terms of Fuse Group Holding Inc.’s new convertible notes?
Who purchased the new Fuse Group Holding Inc. (FUST) convertible notes?
How and when can Fuse Group Holding Inc.’s notes be converted into stock?
Under what securities law exemption were Fuse Group Holding Inc.’s notes sold?
What SEC items does this Fuse Group Holding Inc. (FUST) 8-K address?
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