2050 Motors, Inc. has launched its social network targeting the global cannabis market @ www.kanab.club. The Company is engaging its design and programming group, MarkUp Designs @ https://www.markupdesigns.com, to create, within thirty (30) calendar days, a friend-finder function deployed by mainstream social networks to enhance the utility of the site for members looking to meet other members online. In 2020, we intend to further enhance the platform with advertising, an e-commerce marketplace, and mobile application functionality for iOS and Android smartphones. Management will provide further updates to investors as they become available.
ITEM 8.01 Other Events
Effective December 16, 2019 and as was made aware to management on December 24, 2019, 2050 Motors, Inc. has changed its corporate name with the State of California’s Secretary of State (“SOS of CA”) to “FOMO CORP.” The Company filed with and was approved by the SEC’s EDGAR system for the name change today and will file for a ticker change with FINRA as soon as practicable. Further, the Company has amended its Articles of Incorporation to increase authorized Common Shares to ten (10.0) billion from three (3.0) billion and Preferred Shares to one hundred (100.0) million from ten (10.0) million. The share increase will accommodate strategic mergers and acquisitions, retention of consultants and advisors, and business development.
ITEM 8.01 Other Events
FOMO CORP. is providing information herein to investors for further analysis and understanding of its business plan and analysis. A slideshow will be presented to investors this week for additional commentary. This is not a solicitation for investment and there are no assurances of performance or accuracy. Separately, the Company has changed its name with the Secretary of State of California and with the SEC’s EDGAR system to FOMO CORP., is in the process of applying for a name change with FINRA to FOMO CORP., and is requesting a ticker change to “FOMO” which will require a new CUSIP.
Exhibit No. Description 10.1 Social Media Comparable Table – 01-10-2020 10.2 FOMO CORP. Valuation Analysis 10.3 FOMO CORP. 2020 Budget 10.4 FOMO CORP. Summary Cap Table
ITEM 8.01 Other Events
FOMO CORP. is providing information herein to investors for further analysis and understanding of its business plan and analysis. A shareholder update will be presented to investors this week for additional commentary. This is not a solicitation for investment and there are no assurances of performance or accuracy. The Company has changed its name with the Secretary of State of California and with the SEC’s EDGAR system to FOMO CORP., is in the process of applying for a name change with FINRA to FOMO CORP., and is requesting a ticker change to “FOMO” which will require a new CUSIP.
A significant portion of the Company’s business operations are contracted in certain domestic markets currently on “lock-down” orders or “shelter in place” recommendations for the national health crisis, including key personnel responsible for assisting the Company in the development of its financial statements. As a result of the travel and work restrictions stemming from the COVID-19 pandemic, the Company is unable to obtain financial records that it needs from its operations to permit the Company to file a timely and accurate Annual Report on Form 10-K for its year ended December 31, 2019 by the prescribed date without undue hardship and expense to the Company.
Accordingly, in reliance upon the Order, the Company expects to file its Annual Report on Form 10-K within 45 days after March 30, 2020.
ITEM 8.01 Other Events
On August 20, 2020 FOMO CORP. signed a letter of intent to acquire Purge Virus LLC, a provider of disinfection solutions. The Companies intend to proceed to closing by October 19, 2020.
Item 9.01. Exhibits
(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
Exhibit No. Description 10.1 FOMO CORP. Purge Virus LLC LOI
Market Data 
Markets 
AI
