16 May 2024capital raising announcement▲ Good
Liu Marketing converted its one remaining outstanding note ($51,319 including interest) into 114,043 shares, fully winding down the Liu Marketing note-financing relationship into equity.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2023capital raising announcement▲ GoodMajor
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.
1 Oct 2021capital raising announcement● Neutral
Fuse Group amended its March 2021 filing on the E-Mo Biotech deal to state that E-Mo is a start-up, development-stage vaccine, immunological treatment and diagnostic research company with no commercial sales. The deal terms are restated unchanged: 100,000,000 new shares to the sellers, of which 57,250,000 go to Qiyi Xie, who would hold 31.97% and become the largest shareholder ahead of Landbond. This is a disclosure clarification only. It does not state that the deal closed; the company's earlier context records the deal as terminated in September 2021.
28 Sept 2021capital raising announcement▼ Bad
Fuse Group amended its February 2021 filing on the Mexican mining deal to say that Portafolio en Investigacion Ambiental owns only concession rights to explore five mineral locations, with no business, no mining operations, no sales contracts and no permits or licenses beyond those concessions. The terms are unchanged: 14,285,715 new shares to the five sellers. This tones down the earlier description of the target as a company that owns five mines. The amendment also deletes the second paragraph of Item 1.01 in the original filing.
17 Mar 2021capital raising announcement● NeutralMajor
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.
16 Feb 2021capital raising announcement▲ GoodMajor
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.
2 July 2018capital raising announcement● NeutralMajor
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.