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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fuse Group Holding Inc (QB) | USOTC:FUST | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0599 | 0.0405 | 0.0639 | 0.00 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
|
(Exact Name of Registrant as Specified in its Charter) |
| | | ||
(State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices) |
|
(Registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| N/A | N/A |
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.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibits Number |
Description |
|
3.1 |
||
104 |
Cover Page Interactive Data File (formatted as Inline XBRL) |
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 |
Exhibit 3.1
Filed in the Office of |
Business Number |
|
Secretary of State State Of Nevada |
E0616612013-6 |
|
Filing Number |
||
20244341464 |
||
Filed On |
||
9/19/2024 9:34:00 AM |
||
Number of Pages |
||
1 |
FRANCISCO V. AGUILAR Secretary of State 401 North Carson Street Carson City, Nevada 89701-4201 (775) 684-5708 Website: www.nvsos.gov |
Certificate of Change Pursuant to NRS 78.209 |
TYPE OR PRINT - USE DARK INK ONLY - DO NOT HIGHLIGHT
INSTRUCTIONS: 1. Enter the current name as on file with the Nevada Secretary of State and enter the Entity or Nevada Business Identification Number (NVID). 2. Indicate the current number of authorized shares and par value, if any, and each class or series before the change. 3. Indicate the number of authorized shares and par value, if any of each class or series after the change. 4. Indicate the change of the affected class or series of issued, if any, shares after the change in exchange for each issued share of the same class or series. 5. Indicate provisions, if any, regarding fractional shares that are affected by the change. 6. NRS required statement. 7. This section is optional. If an effective date and time is indicated the date must not be more than 90 days after the date on which the certificate is filed. 8. Must be signed by an Officer. Form will be returned if unsigned. |
|
1. Entity Information: |
Name of entity as on file with the Nevada Secretary of State: Fuse Group Holding Inc.
Entity or Nevada Business Identification Number (NVID): NV20131744352
|
2. Current Authorized Shares: |
The current number of authorized shares and the par value, if any, of each class or series, if any, of shares before the change: 375,000,000 shares of common stock, par value $0.001 per share.
|
3. Authorized Shares After Change: |
The number of authorized shares and the par value, if any, of each class or series, if any, of shares after the change: 75,000,000 shares of common stock, par value $0.001 per share.
|
4. Issuance: |
The number of shares of each affected class or series, if any, to be issued after the change in exchange for each issued share of the same class or series: One (1) share of common stock will be issued after the change in exchange for five (5) shares of common stock issued and outstanding.
|
5. Provisions: |
The provisions, if any, for the issuance of fractional shares, or for the payment of money or the issuance of scrip to stockholders otherwise entitled to a fraction of a share and the percentage of outstanding shares affected thereby: Fractional shares of common stock shall be rounded up to the nearest whole share.
|
6. Provisions: |
The required approval of the stockholders has been obtained.
|
7. Effective date and time: (Optional) |
Date: Time: (must not be later than 90 days after the certificate is filed)
|
8. Signature: (Required) |
X /s/ Umesh Patel Chief Executive Officer 09/19/2024 Signature of Officer Title Date |
This form must be accompanied by appropriate fees.
If necessary, additional pages may be attached to this form.
Document And Entity Information |
Sep. 19, 2024 |
---|---|
Document Information Line Items | |
Entity Registrant Name | Fuse Group Holding Inc. |
Document Type | 8-K |
Current Fiscal Year End Date | --09-30 |
Amendment Flag | false |
Entity Central Index Key | 0001636051 |
Document Period End Date | Sep. 19, 2024 |
Entity Emerging Growth Company | false |
Entity Incorporation, State or Country Code | NV |
Entity File Number | 333-202948 |
Entity Tax Identification Number | 47-1017473 |
Entity Address, Address Line One | 805 W. Duarte Rd., Suite 102 |
Entity Address, City or Town | Arcadia |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91007 |
City Area Code | (626) |
Local Phone Number | 977-0000 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | None |
1 Year Fuse (QB) Chart |
1 Month Fuse (QB) Chart |
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