# EDGAR Filing Document

**Accession Number:** 0000867028
**File Stem:** 0001493152-23-004657
**Filing Date:** 2023-2
**Character Count:** 9601
**Document Hash:** 777a02eda73345602209c2c240d12657
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-004657.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001493152-23-004657

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOMO WORLDWIDE, INC.
- **CENTRAL INDEX KEY:** 0000867028
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTORS, NEC [6799]
- **IRS NUMBER:** 954040591
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13126
- **FILM NUMBER:** 23623523

**BUSINESS ADDRESS:**
- **STREET 1:** 831 W NORTH AVE.
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15233
- **BUSINESS PHONE:** (630) 708-0750

**MAIL ADDRESS:**
- **STREET 1:** 831 W NORTH AVE.
- **CITY:** PITTSBURGH
- **STATE:** PA
- **ZIP:** 15233

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOMO CORP.
- **DATE OF NAME CHANGE:** 20191226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 2050 MOTORS, INC.
- **DATE OF NAME CHANGE:** 20140508

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZEGARELLI GROUP INTERNATIONAL INC
- **DATE OF NAME CHANGE:** 19971008

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): February 13, 2023

**FOMO WORLDWIDE, INC.**

**(Exact name of Registrant as specified in its Charter)**

california 001-13126 83-3889101 <br> (State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.)

831 W North Ave., Pittsburgh, PA 15233

(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 |
| Common | FOMC | OTC Pink |

---

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 ☒

FOMO WORLDWIDE, INC. is referred to herein as "FOMO", "we", "us", or the "Company".

**Item 7.01 Regulation FD Disclosure.**

FOMO WORLDWIDE, INC. distributed an outline of its business developments and strategies to investors, management of certain acquisition targets under signed letters of intent (LOI's), and staff at a dinner held at an education technology industry convention. The outline is included herein as Exhibit 10.1.

**Item 9.01. Exhibits**

(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:

<u>Exhibit No.</u> <u>Description</u> <br> 10.1 [FOMO WORLDWIDE, INC. Investor Dinner Handout – February 13, 2023](ex10-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. | FOMO WORLDWIDE, INC. |
| Date: February 14, 2023 | By: | */s/ Vikram Grover* |
|  |  | Vikram Grover |
|  |  | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

![Logo Description automatically generated](ex10-1_001.jpg)

**FOMO WORLDWIDE, INC.**

**2023 UPDATE DINNER**

**FEBRUARY 13, 2023**

**<u>What is FOMO WORLDWIDE, INC.?</u>**

Incubator of tech companies seeking access to capital markets for growth capital and for owners who wants to roll equity and participate in longer term upside vs. cash-out,

Today heavy emphasis on education technology and services, investing in online software, content, training for enterprise, govt., other,

Looking for targets that can stand on their own and build sustainable growth businesses, synergies include obvious cost reduction of back office and financing, and ideally revenues and cross-selling.

**<u>Background</u>**

● 2019
 – took control from former mgt., shutdown EV plans, pursued portfolio investment (CMGI),

● 2020
 – pandemic, exited with clean tech M&A,

● 2021
 – LED, HVAC deals, wanted to enter education market due to ESSER, CARES,

● 2022
 – SST, accounting cleanup, full year performance $9MM revenues up 100%+ YoY,

● 2023
 – re-IPO.

**<u>Public Listing and Accounting Update</u>**

SST books not in order, cash accounting to accrual accounting nightmare, have been reconciled and audited back 2 years,

Have engaged new auditors, appointed Mary Kirk SVP Finance, hired new local SST accounting manager, hired new outsource CFO advisor, replaced for auditors with BDO affiliate based in Pittsburgh,

March and June quarters for 2021 to be restated due to above and previous accounting staff/advisors inaccurate work, 1Q21 done and at new audit firm, 2Q21 on deck, 3Q21 by end of month and FOMC will be SEC current,

Former auditors Assurance Dimensions upholding 2021 audit, new auditors Urish Popeck to render 2022 audit which is 90% driven by SST which they audited,

Company is well positioned to redefine itself as a growth name and cleanse the past.

**<u>Merger & Acquisition Pipeline</u>**

● LMS
 – London based, online sales and marketing English speaking, proprietary code, ready to scale; cash notes earnout; \*\*UNDER
 LOI CLOSE TARGET BY 04-30-2023\*\*

● Training
 Content/Compliance – Minnesota, Philadelphia; cash notes shares earnout; \*\*UNDER LOI CLOSINGS TARGETED 03-17 THROUGH 04-30-2023\*\*

● Education
 Technology – Southern California ($24MM revenues / $1MM EBITDA); structure TBD, husband and wife owners retiring; \*\*IN DISCUSSIONS\*\*

● eRATE
 – 31 states, 450 School Districts ($5MM revenues / $1MM EBITDA), cash stock notes, employee owned; \*\*IN DISCUSSIONS\*\*

![Logo Description automatically generated](ex10-1_001.jpg)

● Modular
 Building Provide – S Florida, 100% govt. in schools, municipalities, police, fire; can 2x revenues moving into N Florida, then
 go into leasing ($10MM revenues / $1MM EBITDA); husband and wife owners, want to grow business, take some off the table/; \*\*IN DISCUSSIONS\*\*

● Other
 Targets – LPR, security/access control, more online content/training, permitting, contractors; \*\*IN DISCUSSIONS\*\*

**<u>Growth Capital Plans</u>**

● Reverse
 split (1-500 approved),

● Up
 list to OTC QB, will attract small institutional investors

● Equity
 raise $5-10MM, possible selling shareholders if oversubscribed,

● Consolidate
 high interest financing with bank line or term loans or unitranche funding.

**<u>Other</u>**

Owns 33% of public company Himalaya Technologies, Inc. (OTC: HMLA), which includes Kanab.Club, biotech investment in GenBio,

Received notice of allowance for trademark for FOMO for health and beauty drink using GenBio proprietary formulation, manufacturing, and distribution trial ready to go with beverage manufacturer in Milwaukee (Sprecher),

Today 8.5BN common, 6BN equivalent in preferred convertible, 1BN options; have recaptured through negotiation, forgiveness, or cancelation roughly 2BN shares and options,

$1.5MM ABL with Thermo Communications Fund ($1.1MM drawn), $300K MCA, $1.0-$1.5MM vendor/distribution lines (SMART, TD SYNNEX, Ingram Micro),

$20MM in net operating loss carryforwards (NOLs),

Stock delisted to Expert Market on SEC delinquency, will be restored the day after 3Q22 10-Q filed.

**<u>Valuation</u>**

Must use a Sum of the Parts (SOTP) valuation on FOMC shares: X + Y + Z + NOLs + Vehicle + HMLA + PTOP + trademark + M&A = _____________?

$5MM (SST) + $20MM (LMS/content) + $10MM (NOLs) + $500K (vehicle) + $1MM ($HMLA) + $100K (PTOP) + $1MM (trademark) + $10-50MM M&A optionality = $47.6MM - $87.6MM divided by 20BN shares (financing) = $0.00235 - $0.004378 per share = 5x-10x from today (or more).

Above figures are potentially conservative. FOMC had a 3-year high of $0.039/share.

**A hypothetical 1-500 reverse split makes FOMC a $0.1175 - $0.2189 stock price with substantial upside from outsized M&A deals (LA, eRATE, modular building, LPR, other), \*\*SAVVY HEDGE FUNDS AND HIGH NET WORTH INVESTORS LOOK FOR THESE SITUATIONS TO CAPTURE ALPHA FROM THE ARBITRAGE AND MARKET INEFFICIENCY OF THE SUB PENNY WORLD AND FOMO'S UNIVESTABILITY IN 2022. THIS IS ABOUT TO CHANGE RADICALLY\*\***