FOMO Worldwide Inc (IGOT)

[double_m]

Be nice to get a 'reduced to' instead of:

The cancelations reduce our diluted shares outstanding by 200,000,000.

Background.

This Amendment to Form 8-K filed November 2, 2022 notifies investors that our transfer agent, having received medallioned paperwork, has officially canceled 150,000 Series B Preferred Shares (convertible into 150,000,000 common shares) previously issued to a consultant for retention and incentives. We have noted this action in our records alongside the cancelation of 50,000,000 common stock purchase warrants also issued for retention and incentives to the consultant. The cancelations reduce our diluted shares outstanding by 200,000,000.

FOMO CORP. is referred to in this Current Report on Form 8-K as “FOMO,” the “Company,” “we,” or “us.”

Item 8.01 Other Events.

On November 2, 2022, a former consultant agreed to return to us one hundred fifty thousand (150,000) incentive Series B Preferred shares of FOMO, convertible into one hundred fifty million (150,000,000) common shares of FOMO, and cancel fifty million (50,000,000) incentive FOMO common stock purchase warrants, with a three-year expiration and $0.001 cashless exercise price. The shares and warrants were issued on September 9, 2021. The return and cancelation when completed by our Transfer Agent will reduce FOMO’s diluted shares outstanding by two hundred million.