Fomo Worldwide, Inc. (OTCPK:FOMC) has signed a letter of intent to acquire Learning management system of Brookwood Media Arts, Inc. for $0.4 million on February 3, 2023. The consideration includes $0.15 million cash, $0.15 million in Series B Preferred stock, and a $0.1 million earn-out. The transaction would be subject to certain conditions precedent being satisfied, including without limitation, acceptable financing to be secured by Buyer, board and shareholder approvals as necessary, possible regulatory approvals, and execution of definitive agreements.

Execution of an APA and related definitive agreements as soon as practical but not later than May 31, 2023. There can be no assurances that we will be able to obtain required financing and/or consummate the transaction.