FOMO Corp. (OTCMKTS:FOMC) is moving a bit higher this morning after the news.
Fomo corp. Executes Common Stock Purchase Agreement With Triton Funds LP
- announce it has executed a common stock purchase agreement with Triton Funds LP (“Triton” – https://www.tritonfunds.com/), a Delaware limited partnership. Under the terms of the agreement, Triton will purchase a number of Securities from FOMO CORP. having an aggregate value of $4,000,000 after a Registration Statement has been declared effective by the SEC.
Vik Grover, FOMO CORP. CEO, commented: “The importance of the commitment by Triton Funds LP to purchase $4,000,000 in Securities from FOMO cannot be overstated. We are grateful for this opportunity and look forward to closing the first two SmartGuard entities listed above.”
Arnold Nunez, Senior Associate at Triton Funds, added “We’re excited to announce our strategic partnership with FOMO CORP. We were impressed by their portfolio of clean-tech and energy sustainability solutions, as well as the management team that not only has a proven track record, but also ties to UC San Diego. Our investment will fuel their superb acquisition pipeline and provide the necessary capital that management needs to continue executing on their exciting vision for the company.”
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