---
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"
generated_at: "2026-06-20T08:53:07.929046+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FOMO closes SST acquisition for 1B shares; audited financials show losses and going concern

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-002497
- form_type: 8-K/A
- cik: 0000867028
- company_name: FOMO WORLDWIDE, INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002497
- JSON: https://secwatch.observer/filing/0001493152-23-002497.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002497.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: SMARTSolution Technologies L.P. and affiliates ("SST")
  - Consideration: one (1) million Series B Preferred Shares convertible into one (1) billion common shares
  - Closing: 2022-02-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/0001493152-23-002497-index.htm
- Material Agreements
  FOMO WORLDWIDE, INC. entered into Promissory Note with Thermo Communications Funding, LLC valued at up to $1,000,000 (effective 2022-02-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Thermo Communications Funding, LLC
  - Value: up to $1,000,000
  - Effective: 2022-02-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/867028/000149315223002497/0001493152-23-002497-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.