Item 7.01 Regulation FD Disclosure.
FOMO CORP. ("FOMO") has negotiated a definitive agreement to acquire LED Funding
IV LLC from SmartGuard Solutions (www.smartguard-solutions.com). The transaction
requires a simultaneous signing of a definitive agreement to acquire Lux
Solutions LLC (www.luxsolutions.com), an energy and lighting project management
and design firm that supports LED Funding's business in smart lighting and
energy management services. The LED Funding IV LLC and Lux Solutions LLC
documents are pending legal review. FOMO is engaging counsel to assist on the
closing process. Proposed terms of the combined deal include FOMO issuing three
million Series B Preferred shares, $3,000,000 cash, and a $3,000,000
non-convertible seller note subject to adjustments for net debt on closing plus
an earn-out based on revenues greater than $10 million per annum. The combined
LED Funding IV LLC and Lux Solutions LLC entities to be named "SmartGuard
Energy" as a subsidiary of FOMO generated several million dollars of revenue
(unaudited) in 2020 with material growth expected in 2021 in the USA and abroad,
though there can be no assurances. FOMO is also in discussions to acquire some
or all of SmartGuardUV's disinfection business and robots as a service ("RaaS")
unit (www.smartguardUV.com). FOMO will provide additional information to
investors as it becomes available in compliance with SEC disclosure rules.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits. The following exhibit is filed with this Current Report on Form
8-K:
Exhibit No. Description
10.1 FOMO CORP. / LED IV Funding LLC Preliminary Definitive Agreement -
April 11, 2021
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