Item 1.01 Entry into a Material Definitive Agreement.
On June 6, 2023, we signed a definitive agreement to buy certain short form
video assets and intellectual property of Cyber Space, LLC to combine with
programming code we developed over the past four years to create a new social
network to be named Goccha! (https://www.goccha.net/). Consideration for the
transaction includes $100,000 cash and $50,000 in Restricted Series B Preferred
stock priced at $0.50 per share (convertible into 100,000,000 common shares
based on a common stock price of $0.0005 and a 1-1,000 conversion ratio). There
are no assurances we will be able to fund the project or close the purchase
based on current market conditions.
Item 7.01 Regulation FD Disclosure.
On May 22, 2023, we assumed a letter of intent to buy certain short form video
assets and intellectual property of Cyber Space, LLC. With such assets, we have
notified investors of our plans to launch a video platform married to the code
of our wholly owned subsidiary KANAB CORP. @ www.goccha.net. There are no
assurances we will be able to fund the project or close the purchase, which
requires $100,000 cash and $50,000 in preferred stock to be issued to the
sellers.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No Description
10.1 FOMO WORLDWIDE, INC. Cyber Space LLC Definitive Agreement - June 6,
2023
104 Cover Page Interactive Data File (embedded within the inline XBRL
Document)
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