Item 8.01 Other Items.

FOMO WORLDWIDE, INC. has signed a letter of intent ("LOI") to acquire the assets of a USA-based learning management system ("LMS") and training content provider for $400,000, including $150,000 cash, $150,000 in Series B Preferred stock, and a $100,000 earn-out plus incentive stock options for employees. Closing is targeted by May 31, 2023. The proposed transaction is expected to have hard dollar (cost savings) and soft dollar (cross-selling) synergies with our existing businesses and planned acquisitions in the content, e-learning and training markets. There can be no assurances that we will be able to obtain required financing and/or consummate the transaction.





Item 9.01. Exhibits

(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:





Exhibit No.   Description
10.1            FOMO WORLDWIDE, INC. LMS LOI (redacted) - February 3, 2023*
10.2            Brookwood Media Arts, Inc. Overview Slides - May 1, 2023
104           Cover Page Interactive Data File (embedded within the inline XBRL
              Document)

*Previously filed under Form 8-K on February 6, 2023.

© Edgar Online, source Glimpses