FUSE GROUP HOLDING INC.

Fuse Group raised $275,000 from three Chinese individual investors through convertible notes at 5% interest - a higher rate than its prior notes - convertible at just $0.07/share, a steep drop from the $0.33-$0.45 conversion prices used in 2022-2025 and a sign of continued share-price deterioration and heavier dilution per dollar raised.

debt financing

Fuse Group signed a one-year, $10,000-per-month consulting agreement with Beijing Jixiang Fengqi Tech Company Limited to provide North American market research, competitive analysis and business development advisory services - a genuine new revenue stream, unusual for a company that had mostly survived on financing rather than operations.

material agreement

Fuse Group sold Liu Marketing one more $50,000 note, then Liu Marketing elected to convert its entire accumulated position - twelve notes issued between February 2022 and May 2023, totaling $716,767 in principal and interest - into 1,592,816 shares at $0.45/share, wiping out roughly a year and a half of accumulated debt and making Liu Marketing a substantial shareholder.

capital raising announcement

The E-Mo Biotech acquisition collapsed - the parties terminated the deal without it ever closing. In the same filing, Fuse Group disclosed it would restate its March and June 2021 quarterly financials after its auditor found an accounting error in how it had booked the shares issued as a deposit for the (unrelated) Mexican mining acquisition.

material agreement termination

Weeks after its Mexican mining deal, Fuse Group announced a second, much larger acquisition in a completely different field: 100,000,000 new shares to buy E-Mo Biotech Holding, a biology R&D company - a deal so large it would hand control of Fuse Group to E-Mo's largest owner (about 32% of the combined company), surpassing longtime majority shareholder Landbond.

capital raising announcement

Fuse Group agreed to acquire Portafolio en Investigacion Ambiental, a Mexican company owning five mines, for 14,285,715 new shares - its first real move into operating mining assets after years as a shell/software company.

capital raising announcement

Fuse Enterprises eliminated the $6.87 million related-party promissory note owed to majority shareholder Landbond Home Limited by converting it into 19,628,050 new shares at $0.35/share - erasing the debt but further entrenching Landbond's control.

capital raising announcement

Fuse Enterprises signed a $3.0 million contract with Hong Kong's Prime King Investment Limited to develop 'Mineral Mining Interactive Technology' software and data systems, paid half upfront and half on completion - an unusual pivot for what had been a small shell company.

material agreement

Fuse Enterprises (as the company was then named) restructured a related-party loan: majority shareholder Landbond Home Limited (60.9% owner, Samoa) exchanged an existing convertible note for a new $6.87 million promissory note from subsidiary Fuse Trading Limited, at 3% interest, maturing in 12-24 months.

debt financing