{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012689","form_type":"8-K","ticker":null,"cik":"0000867028","company_name":"FOMO WORLDWIDE, INC.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.179702+00:00","generated_at":"2026-06-04T04:17:33.310003+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FOMO Worldwide acquires EcoChem Alternative Fuels North American assets for preferred stock, convertible note, earn-out","bullets":["Consideration: 5M Series B Preferred shares convertible into 50M common shares; up to 5M additional earn-out shares based on revenue milestones through 2027.","Also includes $1.5M two-year convertible note at $0.05/share with $250K cash amortizations at 6 and 12 months; $125K cash at closing.","Earn-out milestones: carbon credit accreditation, $10M rev by 2025, $23M by 2026, $52M by 2027.","Buyer must raise $6M within 18 months; closing scheduled for April 16, 2024.","Acquisition includes perpetual exclusive license to EcoChem's intellectual property for North America; seller retains international rights."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012689","json":"https://secwatch.observer/filing/0001493152-24-012689.json","markdown":"https://secwatch.observer/filing/0001493152-24-012689.md","text":"https://secwatch.observer/filing/0001493152-24-012689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867028/000149315224012689/0001493152-24-012689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867028/000149315224012689/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:17:33.310003+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":"393e8f43d5758cc9b480da4d3d388c4f2a09eec5","claim":"FOMO WORLDWIDE, INC. entered into a asset purchase with EcoChem Alternative Fuels LLC valued at five million restricted Series B Preferred shares convertible into 50,000,000 common shares, an earn (effective 2024-04-01).","evidence_excerpt":"On April 1, 2024, we entered into a definitive agreement to acquire the North American assets and operations of EcoChem Alternative Fuels LLC","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867028/000149315224012689/0001493152-24-012689-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"EcoChem Alternative Fuels LLC"},{"label":"Value","value":"five million restricted Series B Preferred shares convertible into 50,000,000 common shares, an earn"},{"label":"Effective","value":"2024-04-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}