Current Report Filing (8-k)
June 01 2021 - 7:30AM
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): May 31, 2021
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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1
E Erie St, Ste 525 Unit #2250, Chicago, IL 60611
(Address
of principal executive offices)
(630)
286-9560
(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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FOMC
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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. is referred to herein as “we”, “us”, or “us”
Item
8.01 Other Events.
Effective May 31, 2021, FOMO CORP. (“FOMO”)
terminated its letter of intent (“LOI”) signed on or around February 7, 2021 to acquire 100% of the shares of an HVAC services
contractor. As a result, the Company will no longer issue 650,000 Series B Preferred Shares equivalent to 650 million common shares,
pay $1 million in cash, or assume a $500,000 seller note. FOMO is negotiating an earn-out formula and/or vesting schedule for a deposit
issued to the Seller of 100,000 Series B Preferred shares. As part of the LOI termination, FOMO and the contractor will remain partners;
however, the Company will not provide the contractor right of first refusal on business, will be freed to work with any vendor, and now
requires all FOMO projects to be competitively bid. Management believes the move is in the best interests of the Company as it seeks
to bid on, be awarded, and execute on multiple large projects in the sales funnels of company-owned businesses and acquisition
targets in the United States and abroad.
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:
June 1, 2021
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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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