SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 3, 2021
(Exact name of Registrant as specified in its Charter)
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1 E Erie St, Ste 525 Unit #2250, Chicago, IL 60611
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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) [X]
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FOMO CORP. is referred to herein as “we”, “us”, or “us”
ITEM 8.01 Other Events
On January 3, 2021, FOMO CORP. (“FOMO”) offered to purchase 100% of the assets of Independence LED Lighting, LLC @ www.independenceled.com for 250,000 1% Series B Preferred Shares and the assumption of critical vendor liabilities, subject to customer due diligence and legal review. ILED is an entity controlled by Charles Szoradi, CEO of FOMO’s Purge Virus LLC subsidiary acquired on October 19, 2020. Management believes ILED will enhance FOMO’s prospects to serve the smart/clean buildings market in the United States under the incoming Biden Administration. The offer expires at close of business (COB) January 8, 2021.
Item 9.01. Exhibits
(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
|10.1||FOMO Corp. Offer Letter for Independence LED Lighting, LLC – 01/03/2021|
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.
|Date: January 4, 2021||By:||/s/ Vikram Grover|
|Chief Executive Officer|
January 3, 2021
Independence LED Lighting, LLC
22 Waterloo Ave, Suite 300
Berwyn, PA 19312
This correspondence is a time sensitive offer, subject to satisfactory due diligence and legal review, to purchase 100% of the assets, including accounts receivable, customer lists, contracts, intellectual property, domain names and other rights, and assume selected operating liabilities of critical vendors, of Independence LED Lighting, LLC (“ILED”). Our offer is consideration of 250,000 1% Series B Preferred Shares of FOMO CORP. (OTC/ETFM) 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.
We envision a mutually beneficial opportunity to leverage ILED’s many years of experience in manufacturing, customizing, consulting and deploying energy efficient lighting solutions to target the emerging smart building/clean building marketplace, an expected focus of the incoming Biden administration. After many years of working together in various capacities, we believe the time to attack the millions of non-residential buildings in the United States with a solution combining smart lighting, disinfection technologies, energy management, and professional installations in HVAC/electrical could not be better.
To expedite our mutually beneficial process and given the timely nature of this market, our offer will expire at close of business (COB) Friday, January 8, 2021. I am happy to field any questions and provide color on FOMO CORP.’s existing and future plans or address specific questions regarding our public company filings on the SEC’s EDGAR system.