FOMO CORP. Signs Letter of Intent to Acquire TARGET

FOMO CORP. (OTC: ETFM) has signed a non-binding Letter of Intent to acquire 100% of the outstanding equity of TARGET, a company involved in HVAC services and equipment sales, among other things. The proposed transaction includes cash, a seller note, and Series B Preferred Stock, with a 90-day exclusivity period to negotiate a definitive agreement.

“This Letter of Intent (“LOI” or the “Initial Agreement”) dated this 7th day of February 2021 outlines the proposed terms and conditions under which FOMO CORP. (“FOMO”; OTC: ETFM) would acquire TARGET (“TARGET”).”

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