Current Report Filing (8-k)
April 19 2023 - 9:21AM
Edgar (US Regulatory)
0000867028
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0000867028
2023-04-14
2023-04-14
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xbrli:shares
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): April 14, 2023
FOMO
WORLDWIDE, INC.
(Exact
name of Registrant as specified in its Charter)
california |
|
001-13126 |
|
83-3889101 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
No.) |
|
(IRS
Employer
Identification
No.) |
831
W North Ave., Pittsburgh, PA 15233
(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):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
symbol(s) |
|
Name
of each exchange on which registered |
Common |
|
FOMC |
|
OTC
Pink |
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) ☒
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
FOMO
WORLDWIDE, INC. is referred to herein as “FOMO”, “we”, “us”, or the “Company”.
Item
8.01 Other Events.
On
April 14, 2023, FOMO’s SMARTSolution Technologies L.P. subsidiary drew $462,398.28 from its purchase order (“PO”) line
with First Avenue Funding, LLC, which has been in place since April 4, 2022 and has a limit of $500,000. The Company used proceeds to
pay down its $1,000,000 credit line with its primary vendor SMART Technologies, which had a past due balance and was in a credit freeze,
to $0.00. The payment unlocked full availability of the SMART facility allowing SST to obtain equipment against a seven figure backlog
consisting of numerous sales orders with K12 schools and other customers, of which most are now expected to be delivered in the current
calendar quarter. Concurrently, SMART Technologies affirmed SST’s “Diamond” status in its core markets of Eastern Ohio,
Western Pennsylvania, and West Virginia, which sustains SST’s enterprise by giving it pricing advantages versus competitors, sales
leads from SMART, and other strategic and industry benefits.
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.
|
FOMO
WORLDWIDE, INC. |
|
|
Date:
April 19, 2023 |
By: |
/s/
Vikram Grover |
|
|
Vikram Grover |
|
|
Chief Executive
Officer |
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