Fomo Worldwide, INC

Market Movers (8-K)

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FOMO Worldwide is navigating receivership, a change in receivers, and the potential delisting of its stock, while also pursuing an acquisition if it can secure funding.
Worse than expected
Capital raise
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FOMO Worldwide, Inc. has been placed into receivership and its acquisition of EcoChem Alternative Fuels' North American assets has been terminated.
Worse than expected
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FOMO Worldwide has entered into a definitive agreement to acquire the North American assets of EcoChem Alternative Fuels, a provider of advanced filtration systems for clean fuel production.
Capital raise
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FOMO Worldwide, Inc. has finalized several corporate actions including a reverse stock split, name change, and redomicile, while also announcing a significant acquisition and new advisory board members.
Worse than expected
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FOMO Worldwide reports significant delays in FINRA's review of its corporate actions, leading to potential legal action, while also detailing subsidiary terminations, asset transfers, and a new acquisition target.
Worse than expected
Delay expected

Quarterly Earnings (10-Q)

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FOMO Worldwide's Q1 2024 results reveal a significant drop in revenue and a continued net loss, raising concerns about the company's ability to continue as a going concern.
Capital raise
Worse than expected

Annual Reports (10-K)

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FOMO Worldwide's unaudited 2023 annual report reveals a significant net loss of $1.58 million, a 67% decrease in revenue, and substantial doubt about the company's ability to continue as a going concern.
Capital raise
Worse than expected