{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-002497","form_type":"8-K/A","ticker":null,"cik":"0000867028","company_name":"FOMO WORLDWIDE, INC.","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.316689+00:00","generated_at":"2026-06-20T08:53:07.929046+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FOMO closes SST acquisition for 1B shares; audited financials show losses and going concern","bullets":["Acquisition consideration: 1M Series B Preferred shares convertible into 1B common shares plus 300M warrants to employees.","FOMO took $1M secured note from Thermo Communications; CEO Vikram Grover provided personal guaranty.","SST audited 2021 revenue $3.69M; net income $318K (includes $414K PPP forgiveness); 2020 net loss $88K.","SST current liabilities exceed current assets by $225K; auditor raises substantial doubt about going concern.","SST has members' deficit of $699K; long-term debt $402K; related party lease obligations of $700K through 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-002497","json":"https://secwatch.observer/filing/0001493152-23-002497.json","markdown":"https://secwatch.observer/filing/0001493152-23-002497.md","text":"https://secwatch.observer/filing/0001493152-23-002497.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/0001493152-23-002497-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/form8k-a.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T08:53:07.929046+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c591affe53d2332109f5e536a6e4fb54db18f66a","claim":"FOMO WORLDWIDE, INC. completed an acquisition involving SMARTSolution Technologies L.P. and affiliates (\"SST\") for one (1) million Series B Preferred Shares convertible into one (1) billion common shares (closed 2022-02-28).","evidence_excerpt":"On February 28, 2022, FOMO closed the acquisition of SMARTSolution Technologies L.P. and affiliates (\"SST\") for consideration of one (1) million Series B Preferred Shares convertible into one (1) billion common shares issued to Mitchell Schwartz and SMARTSolution Technologies Inc.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/0001493152-23-002497-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"SMARTSolution Technologies L.P. and affiliates (\"SST\")"},{"label":"Consideration","value":"one (1) million Series B Preferred Shares convertible into one (1) billion common shares"},{"label":"Closing","value":"2022-02-28"}],"fact_type":"ma_transaction"},{"claim_id":"07ba1cdc34475c4328ecf07ab5ed08dffcabc18a","claim":"FOMO WORLDWIDE, INC. entered into Promissory Note with Thermo Communications Funding, LLC valued at up to $1,000,000 (effective 2022-02-28).","evidence_excerpt":"ebruary 28, 2022, FOMO entered into a Promissory Note for up to $1,000,000 with Thermo Communications Funding, LLC. The loan is secured","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/0001493152-23-002497-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Thermo Communications Funding, LLC"},{"label":"Value","value":"up to $1,000,000"},{"label":"Effective","value":"2022-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}