Management of FOMO Corp. filed three 8Ks this morning updating investors on a number of material changes.
As of 10:37 shares of ETFM were basically flat trading at .0076 down 1.2% Volume was 16 million shares. ETFM is still coming off its big run in February but appears to have found some support in the general area. Potential key areas to keep in mind if watching ETFM are .0084, .0091 and .01 above and .007, .0063 and .0049 below.
You can find all 3 filings here
Item 3.02 Unregistered Sales of Equity Securities.
FOMO CORP. (“FOMO”) sold to a third-party lender $103,500.00 in 12% junior debt with a one-year maturity. The transaction netted the Company $100,000.00 after fees/expenses. The note, which has no warrant coverage, has a buyout option and is attached as exhibit 10.1 herein. Proceeds are being used for working capital purposes including legal/due diligence fees for planned and announced acquisition agreements.
Item 8.01 Other Events.
FOMO CORP. (“FOMO”) and the owners of EcoLite Holding LLC (“EcoLite”) and PPE Source International LLC (“PPESI”) extended the deadline for execution of a definitive agreement to acquire EcoLite to July 1, 2021 and the exclusivity period to negotiate the purchase of PPESI to same.
Item 7.01 Regulation FD Disclosure.
FOMO CORP. (“FOMO”) and the owners of SmartGuard agreed to negotiate the acquisition of 51% of SmartGuard’s disinfection unit @ www.smartguard-disinfection.com. The Companies are in due diligence for a step transaction that is expected to be papered by May 1, 2021 and would allow FOMO to acquire the balance 49% by December 31, 2022, though there can be no assurances.