Amended Current Report Filing (8-k/a)
December 20 2022 - 06:10AM
Edgar (US Regulatory)
0000867028 true 0000867028 2022-11-07
2022-11-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K/A
Amendment No. 2
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported):
November 7, 2022
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.)
|
1 E Erie St,
Ste 525 Unit #2250,
Chicago,
IL
60611
(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 |
None |
|
|
|
|
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 ☐
Background.
This
Second Amendment to Form 8-K filed November 10, 2022 references a
binding Settlement Agreement to assign a $100,000 real estate loan
made by SST to an affiliate to Mitchell Schwartz, recognizing a
1.5% override of $139,000 on 2021 signed purchase orders as per our
purchase agreement with SMARTSolution Technologies L.P. of
$139,000, accruing compensation due to Mitchell Schwartz of $19,230
through February 28, 2023, and the exchange of a $100,000
three-year note for one million Series B Preferred shares held by
Mitchell Schwartz (that would have been convertible into one
billion common shares). The total payable amount of $284,480 will
straight amortize over 36 months and has no conversion option into
common stock or other equity consideration. The Settlement
Agreement is attached herein as Exhibit 10.1 and the Real Estate
Loan Assignment to Mr. Schwartz is attached herein as Exhibit
10.2.
FOMO
WORLDWIDE, INC. is referred to in this Current Report on Form 8-K
as “FOMO,” the “Company,” “we,” or
“us.”
Item
1.01 Entry into a Material Definitive Agreement
We
have entered into a binding Settlement Agreement assigning a
$100,000 real estate loan and its success fees and expenses to
Mitchell Schwartz, recognizing a 1.5% override of $139,000 on 2021
signed purchase orders as per our purchase agreement with
SMARTSolution Technologies L.P., accruing compensation due to
Mitchell Schwartz of $19,230 through February 28, 2023, and the
exchange of a $100,000 three-year payment obligation for one
million Series B Preferred shares held by Mitchell Schwartz (that
would have been convertible into one billion common shares). The
total payable amount of $284,480 will straight amortize over 36
months as accrued liability and has no conversion option into
common stock or other equity consideration. The Settlement
Agreement is attached herein as Exhibit 10.1 and previously
completed Real Estate Loan Assignment to Mr. Schwartz is attached
herein as Exhibit 10.2.
Item
9.01. Exhibits
(a)
Exhibits. The following exhibits are 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.
|
FOMO
WORLDWIDE, INC. |
|
|
Date:
December 20, 2022 |
By: |
/s/
Vikram Grover |
|
|
Vikram
Grover |
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