Duyuru • Mar 29
Fomo Worldwide, Inc. announced delayed annual 10-K filing On 03/28/2024, Fomo Worldwide, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Nov 15
Fomo Worldwide, Inc. announced delayed 10-Q filing On 11/14/2023, Fomo Worldwide, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Aug 13
Fomo Worldwide, Inc. announced delayed 10-Q filing On 08/11/2023, Fomo Worldwide, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jul 15
Fomo Worldwide, Inc., SMARTSolution Technologies, Inc. and SMARTSolution Technologies LP Serves with A Business Lawsuit by A Former Salaried Employee On July 10, 2023, Fomo Worldwide, Inc., its subsidiary SMARTSolution Technologies, Inc. and its predecessor SMARTSolution Technologies LP (together “SST”), its CEO Vikram Grover, and its SVP Finance Mary Kirk were served with a business lawsuit by a former salaried employee seeking $600,000+ in commissions plus liquidated damages of 25%, legal fees, penalties and interest. The company spent over one year enhancing the company’s financial systems and data in order to track job costs which are paramount to calculating commissions as per this individual’s contract. Upon completion of the SST audit and its own consolidated audit filed earlier this year, it calculated a commission amount due to this former employee that is significantly less than the alleged unspecified number, which it believe has no basis under the terms of the former employee’s contract with SST. The company is retaining counsel and intend to defend the matter vigorously. Duyuru • May 17
Fomo Worldwide, Inc. announced delayed 10-Q filing On 05/16/2023, Fomo Worldwide, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Jan 04
Fomo Worldwide, Inc. Enters into Three-Year Employment Agreement with Mary Kirk as Senior Vice President, Finance Fomo Worldwide, Inc. announced that on December 28, 2022, the company entered into a three-year employment agreement with Mary Kirk, Interim CEO of the company’s clean technology subsidiary Energy Intelligence Center LLC d/b/a Clean Solution Technologies, naming her Senior Vice President Finance of the company with supervisory authority over the finances of the company’s current businesses. Duyuru • Nov 17
FOMO Corp. announced delayed 10-Q filing On 11/16/2022, FOMO Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Sep 08
FOMO CORP Appoints John Raymond to Its Board of Directors FOMO CORP has enhanced its SMARTSolution Technologies, LP's subsidiary management team with the appointment of John Raymond to the title of Interim President adding to his operational role as Head of Procurement. The move is part of the Company's transition plan for Mitchell Schwartz, Founder and CEO of SST, whose contract expires in February 2023 and will join FOMO's Board of Directors. Mr. Raymond has decades of experience in designing, deploying and maintaining large audio-visual systems for corporate America at Anderson's and LaZ Boy as well as colleges and universities such as Bowling Green. He previously worked in Interior Communications, 2(nd) Class US Navy and as Vice President of Zaiser Communications, as Systems Manager at Chapel-Romanoff Technologies, and as Systems Manager for Lake Erie Technologies. Duyuru • May 17
FOMO Corp. announced delayed 10-Q filing On 05/16/2022, FOMO Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • Apr 07
FOMO Corp. announced that it has received $0.105 million in funding from GS Capital Partners LLC FOMO Corp. announced that it has entered into agreements with returning investor GS Capital Partners LLC for a private placement of 10% Convertible Debenture of the principal amount of $115,000 issued at original issue discount of $10,000 for gross proceeds of $105,000 on April 5, 2022. The debt bear a coupon rate of 10% per annum from issuance, will mature on April 5, 2023, has prepayment options for early redemption by the Company, and is convertible into common stock after six months at a conversion rate of a 40% discount to market prices during the 20 business days prior to and including the conversion date, subject to adjustment for mergers, stock splits, stock dividends and other recapitalization events. The debt is convertible into a fixed conversion price of $0.001. The company also issued a warrant to purchase 55,000,000 shares with an exercise price of $0.0012 and a three-year expiration. The company received net proceeds of $100,000 after deducting issuance expenses (legal fees) of $5000. Duyuru • Apr 01
FOMO Corp. announced delayed annual 10-K filing On 03/31/2022, FOMO Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Mar 02
FOMO Corp. completed the acquisition of SMARTSolution Technologies L.P. FOMO Corp. (OTCPK:FOMC) has signed a Letter of Intent to acquire SMARTSolution Technologies L.P. on August 10, 2021. FOMO Corp. (OTCPK:FOMC) executed a definitive agreement to acquire SMARTSolution Technologies L.P. on December 13, 2021. Under the LOI terms of the offer include the issuance of one million (1,0000,000) Series B Preferred shares, three hundred million (300,000,000) common stock purchase warrants struck at $0.02 and the assumption of several hundred thousand dollars in bank debt. Mitchell Schwartz shall be retained to manage SMARTSolution Technologies. The transaction is expected to be completed by end of September 2021, subject to signing a Definitive Agreement and refinancing of SST’s bank debt of approximately $0.7 million. As of December 13, 2021, the transaction is expected to close in 2021. Murphy Business & Financial Corporation LLC acted as financial advisor to SMARTSolution Technologies with a service fee of $0.05 million.
As of December 31, 2021, FOMO has extended its definitive agreement deadline to acquire SMARTsolution Technologies to January 31, 2022.
FOMO Corp. completed the acquisition of SMARTSolution Technologies L.P. on February 28, 2022. Duyuru • Jan 30
FOMO Corp. Announces Board Resignations Wayman Baker, PhD and Bill Butler are no longer members of the FOMO Advisory Board and will not be appointed to the Company’s Board of Directors. Duyuru • Jan 06
FOMO Corp. announced that it expects to receive funding from SMARTSolution Technologies L.P. FOMO Corp. announced that it has entered into agreement for a private placement of 1,000,000 Series B Preferred shares from SMARTSolution Technologies L.P. on January 5, 2022. Duyuru • Aug 17
FOMO Corp. (OTCPK:FOMC) has signed a Letter of Intent to acquire SMARTSolution Technologies L.P FOMO Corp. (OTCPK:FOMC) has signed a Letter of Intent to acquire SMARTSolution Technologies L.P. on August 16, 2021. Under the LOI terms of the offer include the issuance of one million (1,0000,000) Series B Preferred shares, three hundred million (300,000,000) common stock purchase warrants struck at $0.02 and the assumption of several hundred thousand dollars in bank debt. The transaction is expected to be completed by end of September 2021, subject to signing a Definitive Agreement and refinancing of SST’s bank debt of several hundred thousand dollars. Duyuru • May 18
FOMO Corp. announced delayed 10-Q filing On 05/17/2021, FOMO Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Duyuru • May 15
FOMO Corp. (OTCPK:FOMC) signed a definitive agreement to acquire a 19.99% stake in SmartGuard-Solutions LLC for approximately $10 million. FOMO Corp. (OTCPK:FOMC) signed a definitive agreement to acquire a 19.99% stake in SmartGuard-Solutions LLC for approximately $10 million on May 14, 2021. The total value of this transaction is approximately $10 million based on current market prices. To acquire its interest in SGS, FOMO has agreed to pay its owners $2.5 million in cash, provide a note to the sellers in the amount of $2.5 million, and issue one million Series B Preferred shares. As part the definitive agreement, FOMO obtains an 18-month option to acquire majority control (51%) and ultimately 100% control of SGS, subject to independent valuation of SGS at the time of purchase. The closing deadline for the SGS and SGE transactions is June 30, 2021. Duyuru • Apr 02
FOMO Corp. announced delayed annual 10-K filing On 03/31/2021, FOMO Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Duyuru • Mar 11
FOMO Corp. (OTCPK:ETFM) completed the acquisition of assets of Energy Intelligence Center LLC. FOMO Corp. (OTCPK:ETFM) agreed in principle to acquire assets of Energy Intelligence Center LLC on February 22, 2021. FOMO Corp. entered into an asset purchase agreement to acquire assets of Energy Intelligence Center LLC on March 6, 2021. FOMO is acquiring the assets in exchange for (i) 125,000 Series B Preferred Shares of FOMO (convertible into 125,000,000 FOMO common shares) and (ii) 50,000,000 common stock purchase warrants with exercise price of $0.01 and a three-year exercise price. Upon completion of a 30-day diligence period, asset purchase closing, and receipt of the consideration, Energy Intelligence Center ("EIC") will provide Online Energy Manager, LLC ("OEM") (i) 75,000 of the Series B Preferred Shares and (ii) 25,000,000 of the warrants, in return for OEM cancelling the Preferred Membership Units of EIC owned by OEM and the future royalty payments due from EIC to OEM under an OEM/EIC Settlement Agreement dated January 11, 2021. Out of the FOMO warrants to be issued or to be owed to OEM, OEM has agreed to assign 25,000,000 of them to one or more of EIC's key staff, consultants or advisors (the "EIC team members"). Meanwhile, EIC will assign 25,000,000 of its remaining warrants to one or more of the EIC team members. Both the OEM and/or EIC warrant assignment(s) are subject to the following conditions in order to vest as well as mutual agreement with EIC team members and subject to FOMO's approval. After the referenced allocations, it is agreed that EIC will use the remaining balance of the FOMO 50,000 Series B Preferred Shares to pay prior obligations, obtaining working capital and/or to hold for the investment subject to the share price and FOMO growth trajectory and dependent on restrictions of Rule 144 of Securities Exchange Commission.
The transaction is conditional upon other things, Energy Intelligence Center LLC delivering to FOMO copies of the resolutions of the Board of Directors of Energy Intelligence Center LLC authorizing the transaction, all actions, proceedings, instruments and documents required to carry out the agreement, or incidental thereto and all other legal agreements shall have been approved by the counsel of FOMO Corp. and others. The closing shall take place on March 7, 2021
FOMO Corp. (OTCPK:ETFM) completed the acquisition of assets of Energy Intelligence Center LLC on March 9, 2021. Duyuru • Mar 09
FOMO CORP. Appoints Andrea Breaux to its Advisory Board On March 4, 2021, FOMO CORP. appointed Andrea Breaux to its advisory board. Andrea Breaux is an executive at EcoLite Holding, LLC. In conjunction with the advisory board appointment, Andrea Breaux will direct the company’s social media platforms, among other consulting duties. Duyuru • Mar 07
FOMO Corp. Executes Strategic Agreement with Online Energy Manager, LLC On March 4, 2021, FOMO Corp. executed a Strategic Agreement with Online Energy Manager, LLC (OEM) whereby OEM granted a 2 year non-exclusive right to license ECORE-CI, which includes OEM's patent for "Central Cooling and Circulation Management Systems. Duyuru • Mar 06
FOMO Corp. Appoints Dilip Limaye to Advisory Board to Join Other Advisory Board Members FOMO Corp. appointed Dilip Limaye, founder and owner of Online Energy Manager to Advisory Board to join other advisory board members who are technology executives and strategic consultants in the smart lighting, disinfection, energy management and HVAC services industries. Duyuru • Feb 23
FOMO Corp. Launches Indoor Air Quality As-A-Service to Reopen the United States FOMO CORP. announced that it has launched Indoor Air Quality (IAQ) as-a-Service (IAQaaS) to help schools, businesses and the government reopen. Many facility owners and operators seek improved IAQ, but they have cash flow constraints that limit their ability to make upfront payments for needed ventilation upgrades or disinfection equipment and installations. IAQ is commonly referenced across the heating, ventilation, and air conditioning (HVAC) marketplace, and the combination of ventilation and disinfection are part of the Centers for Disease Control (CDC) guidance to help reduce the spread of COVID-19. School administrators and business owners have often taken advantage of Software as-a-Service (SaaS) to “pay as you go,” and company’s IAQaaS initiative now provides the same economic benefits. One of company’s planned acquisitions, SmartGuard Energy, LLC. Many of these accounts may welcome IAQaaS. Another one of company’s planned acquisitions, EcoLite Holdings LLC, has numerous accounts that may also welcome improved indoor air quality through IAQaaS. The company is proactively offering this business model through its wholly owned subsidiary, Purge Virus, LLC. The economic advantages for IAQ as-a-Service customers are concomitant with the economic advantages for FOMO via monthly recurring revenue (MRR), creating a win-win. The margins for MRR often exceed the one-time payment for technology, which elevates the valuation of FOMO and its wholly owned subsidiaries, such as Purge Virus. Duyuru • Feb 20
FOMO Corp. Signs Letter of Intent with Online Energy Manager, LLC for Smart Building Management FOMO Corp. announced that it has signed a Letter of Intent with Online Energy Manager, LLC. This LOI further establishes FOMO as a clean energy technology company within the growing “Clean-Tech” and smart building marketplace. With the recent FOMO/OEM LOI, signed February 15, 2021, FOMO has the following competitive advantages in the Clean-Tech marketplace: Use of the OEM case studies and marketing materials to attract and engage customers. License to use the OEM intellectual property to directly implement projects, where FOMO chooses to use engineers and programmers to directly service customers. 15% profit sharing on OEM’s top line revenue for customer accounts where FOMO and its network of holdings may choose to direct projects to OEM for energy saving implementations. Two year option to purchase 19.9% of OEM for $2 million. Three year option to purchase OEM for $10 million. Duyuru • Jan 12
FOMO Corp. (OTCPK:ETFM) entered into a letter of intent to acquire Ecolite Holdings LLC. FOMO Corp. (OTCPK:ETFM) entered into a letter of intent to acquire Ecolite Holdings LLC on January 10, 2021. Pursuant to the transaction, FOMO will provide Ecolite with the following (a) $2.5 million in equity in the form of 2,549,383 Series B preferred shares, using a common stock price of .001, (b) $0.75 million seller financing in the form of a two-year senior secured note bearing interest at 8% with no required amortization, (c) $2 million cash at closing, (d) a three-year earnout of annual profits greater than $0.96 million. Estimated cash of $0.75 million on Ecolite's books will remain on the balance sheet at closing to fund operations as wholly owned subsidiary of FOMO. Duyuru • Jan 06
FOMO Corp. (OTCPK:ETFM) made a offer to acquire Assets of Independence LED Lighting, LLC. FOMO Corp. (OTCPK:ETFM) made a offer to acquire Assets of Independence LED Lighting, LLC on January 3, 2021. The consideration includes 250,000 1% Series B Preferred Shares, which are convertible into 250,000,000 common shares. The allocation of said shares shall be at the discretion of the Board of Directors of ILED and/or its parent Revolution Energy Group, LLC and the assumption of critical vendor liabilities. The deal is subject to customer due diligence and legal review. The letter of intent (LOI) was approved by ILED’s Board of Directors and signed by Szoradi on January 5, 2021. The offer expires at close of business on January 8, 2021. Duyuru • Dec 13
FOMO CORP. Appoints John Kelly to its Advisory Board FOMO CORP. has appointed John Kelly to its Advisory Board. Mr. Kelly has three decades experience in manufacturing and supplying technology products and services, having served hundreds of enterprise, institutional, and government customers across the United States and abroad. Duyuru • Dec 10
FOMO Corp. Announces Appointment of Paul Benis to Its Advisory Board FOMO CORP. has appointed Paul Benis to its advisory board. Mr. Benis has thirty (30) years of experience in heating, ventilation and air conditioning systems having served hundreds of enterprises, institutions and government customers in the northeast U.S. and across the nation. As compensation, FOMO issued him ten million common stock purchase warrants with a strike price of $0.001 and a three-year expiration. Duyuru • Nov 18
Fomo Corp. Announces Purge Virus Joins Sustainable Tech Alliance and Launches Covid-19 Clean-Air Rental Program FOMO Corp. announced that Purge Virus, LLC has joined the Leadership Council of the Sustainable Tech Alliance. The engagement reinforces Purge Virus’ leadership role in COVID-19 disinfection though webinars, training, and advanced indoor air quality devices. Purge Virus is well positioned to support the private sector and President-elect Biden’s Plan to upgrade four million buildings. The majority of the Purge Virus disinfection devices are “Made in USA” to “Buy American Act” (BAA) Compliance, meaning that they are in line with President Trump’s initiative to promote American manufacturing. The next two months, before the January 20, 2021 inauguration, are critical for indoor air disinfection, given that people spend more time indoors over winter months than in other seasons. Beyond COVID-19, Purge Virus technologies inactivate influenza and other pathogens, which can further help save lives and reduce the stress on hospitals and healthcare professionals across the U.S. this winter. Purge Virus devices provide energy savings in addition to disinfection when correctly installed at heating, ventilation, and air conditioning (HVAC) air handling units (AHUs). Associated energy savings translate directly to operating cost reduction, which is key for business survival. A recent Sustainable Tech Alliance (STA) webinar on 11/12/2020 showcased Purge Virus as a critical solutions provider to save energy and eradicate COVID-19. Purge Virus has a substantial sales pipeline of over 70 leads, including non-residential property owners and managers such as Related Properties Corporation, an affiliate of Related Companies based in New York City, that already deployed PV technology at a 180,000 square foot property in Connecticut; a company that used PV’s air cleaning solutions to protect guests at high-net worth customer’s private event; and small- and medium-size businesses including dental offices and restaurants that have deployed PV’s air cleaning solutions to protect their clients under the Purge Virus “Clean Air!” national branding campaign.