FOMO Worldwide Inc (IGOT)

[Doubleday]

FOMO CORP. (“FOMO”) has terminated an agreement for four million dollars ($4,000,000) in equity financing with Triton Funds LP. As a result, the Company has canceled 606,060,608 common stock purchase warrants issued to the fund with a $0.0066 exercise price and a three-year expiration and is returning 1,212,121,216 common shares to its corporate reserves. The transaction structure did not provide management adequate comfort or visibility on financing for FOMO’s planned growth and announced mergers and acquisitions.