Current Report Filing (8-k)
October 07 2020 - 6:16AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 29, 2020
FOMO
CORP.
(Exact
name of Registrant as specified in its Charter)
CALIFORNIA
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001-13126
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83-3889101
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(State
or other jurisdiction
of incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification No.)
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2810
Bristol Dr. Ste 309, Lisle, IL 60532
(Address
of principal executive offices)
(630)
708-0750
(Registrant’s
Telephone Number)
(Former
name or address, if changed since last report)
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):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
symbol(s)
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Name
of each exchange on which registered
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Common
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ETFM
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OTC
Pink
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]
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 [X]
FOMO
CORP. p/k/a 2050 Motors, Inc. is referred to herein as “we”, “us”, or “us”
ITEM
8.01 Other Events
On
September 29, 2020, FOMO CORP. signed a definitive agreement to acquire 100% of the member interests of Purge Virus, LLC (“PV”).
As consideration and upon closing, the Company will issue two (2) million Restricted Series B Preferred Shares to PV’s sole
member and President, Charles Szoradi. FOMO is currently completing due diligence and intends to engage SEC counsel shortly in
order to proceed to closing with a targeted date of October 19, 2020. The Company intends to enter into an employment agreement
with Mr. Szoradi who will remain President of a FOMO-PV subsidiary. Under the terms of the definitive agreement, he will join
FOMO’s Advisory Board, with an expectation of joining FOMO’s Board of Directors in the future. The employment agreement
is expected to include performance milestones based on PV-driven disinfection technology/product sales, which will allow Mr. Szoradi
to earn additional equity in FOMO CORP. in the form of Restricted Series B Preferred Shares.
Separately,
FOMO CORP.’s accountants have been preparing the Company’ financial statements for the three-month periods
ended December 31, 2019, March 31, 2020, June 30, 2020 and September 30, 2020. The draft December books have been delivered to
management, who intends to review them with the accounting firm, engage the Company’s standing auditor Boyle CPA,
LLC, and begin drafting FOMO CORP.’s Form 10-K for calendar year 2019 this week. Later period accounting is expected
to be delivered over the near—term. Management intends to bring the Company current with regard to SEC reporting expediently
in order to provide transparency to current and future investors. Additional disclosures and exhibits related to the definitive
agreement will be filed in amendments to this Form 8-K if required.
Item
9.01. Exhibits
(a)
Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
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.
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FOMO
CORP.
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Date:
October 7, 2020
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By:
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/s/
Vikram Grover
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Vikram
Grover
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Chief
Executive Officer
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