FOMO CORP. Plans Roll-Up of HVAC Install Companies

The LOI includes an earn-out provision for TARGET based on sourcing future acquisitions of HVAC install companies, indicating FOMO CORP.'s intention to pursue a roll-up strategy in the HVAC installation sector.

“The Total Purchase Price is expected to include an earn-out formula based on 5% of consideration paid for any and all future mergers or acquisitions of HVAC install companies sourced by TARGET for a period of one year.”

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