Material Event Form 8 K

Item 1.03 Bankruptcy or Receivership.

FOMO WORLDWIDE, INC. and subsidiaries were placed into receivership on April 1, 2024 by Thermo Communications Funding LLC ("Thermo") through the Court of Common Pleas of Allegheny County, Pennsylvania (No GD 24-002108). On May 22, 2024, Michael Von Lehman of Meridian Management Partners replaced John Raymond, Vice President of our SMARTSolution Technologies, Inc. subsidiary, as Independent Receiver for FOMO WORLDWIDE, INC. and our subsidiaries. We have been approved by Mr. Von Lehman, his counsel, and Thermo Communications Funding LLC to exit receivership along with our wholly owned subsidiary Diamond Technology Solutions, LLC. The matter is scheduled for a Court hearing on July 12, 2024. We have agreed to a forbearance agreement with Thermo and hope to exit receivership sooner than this date, though there can be no assurances we will be successful. If we are unable to exit receivership, it is more likely than not that we will be unable to secure capital to bring our public corporation SEC reporting current, deleverage, and/or fund growth.