VNUE VNUE Inc (PK)

Item 8.01 Other Events

VNUE, Inc., a Nevada corporation (the “Company”), is furnishing this Current Report on Form 8-K to indicate its reliance on the order of the Securities and Exchange Commission (the “SEC”), Release No. 34-88465, dated March 25, 2020 (the “Order”).

The current outbreak of COVID-19 has posed a significant impact on the Company’s ability to file on a timely basis its Quarterly Report on Form 10-Q for the year fiscal quarter ended March 31, 2020 (the “Quarterly Report”), which is due to be filed on May 15, 2020 (the “Original Due Date”). Therefore, the Company has elected to rely on the conditional filing relief provided under the SEC Order.

The preparation of the Company’s Quarterly Report, including financial statements and completion of the auditing and financial statement review process, has been delayed by government-imposed quarantines, office closures and travel restrictions, which affect both the Company’s and its professional service provider’s personnel.  Our office closing and quarantines have impacted our ability to both internally compile and complete our financial statements and to provide business records and to meet with auditors. Office staff has been forced to work remotely without access to the records kept in the Company’s offices. Considering the lack of time for the compilation, dissemination and review of the information required to be presented, and the importance of investors receiving materially accurate information in the Quarterly Report, the Company has decided to rely on the SEC Order. The Company plans to file the Quarterly Report no later than 45 days after the Original Due Date.

The current outbreak of COVID-19 could have a material and adverse effect on our business operations.  These include disruptions or restrictions on public entertainment events and venues, our (and the general public’s) ability to travel or to market our products and services, a general marked decline in the entertainment venue business, as well as temporary closures of our offices.  While the Company has already been advised that its technologies will be used at certain events, it is possible that even after regulations are relaxed permitting large social gatherings, attendance at these events will be lower.  It is also possible that a resurgence in COVID – 19 outbreaks could result in extended quarantines and event cancelations. Any such disruption or delay would likely impact our sales and operating results. In addition, COVID-19 has resulted in a widespread health crisis that could adversely affect the economies and financial markets of many other countries, resulting in an economic downturn that could affect demand for our products and services and significantly impact our operating results. Additionally, the continued spread of COVID-19 and uncertain market conditions may limit the Company’s ability to access capital.

While these factors are uncertain, the COVID-19 pandemic or the perception of its effects could continue to have a material adverse effect on our business, financial condition, results of operations, or cash flows.