---
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"
generated_at: "2026-06-04T04:17:33.310003+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FOMO Worldwide acquires EcoChem Alternative Fuels North American assets for preferred stock, convertible note, earn-out

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-012689
- form_type: 8-K
- cik: 0000867028
- company_name: FOMO WORLDWIDE, INC.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012689
- JSON: https://secwatch.observer/filing/0001493152-24-012689.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012689.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: EcoChem Alternative Fuels LLC
  - Value: five million restricted Series B Preferred shares convertible into 50,000,000 common shares, an earn
  - Effective: 2024-04-01
  source text: On April 1, 2024, we entered into a definitive agreement to acquire the North American assets and operations of EcoChem Alternative Fuels LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/867028/000149315224012689/0001493152-24-012689-index.htm

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