Fuse Science Inc (DROP)

[Chag]

News out 8-k filed



Item 8.01 Other Events

Effective June 12, 2013, Fuse Science, Inc. (the “Company”) lowered the current exercise price of the Company’s outstanding Series B Warrants (which were originally issued in a March 2013 private offering) from $0.094 to $0.076.

The Company has also retired $1,950,000 in debt by reason of the conversion into equity of convertible promissory notes in such principal amount (which were originally issued in the March 2013 private offering). Moreover, sales of the Company’s products in the third fiscal quarter of 2013 are on a pace to exceed 300% of sales for all of the fiscal year ended September 30, 2013.