Item 8.01 Other Events.

On January 20, 2023, we engaged Reed & Giordano, P.A. to file a civil lawsuit against our former 10-99 financial consultant, former administrative assistant, and former outsourced CFO firm. Based on our completed audit of our wholly owned subsidiaries SMARTSolution Technologies L.P. and SMARTSolution Technologies Inc., we believe these individuals executed unauthorized transactions from our bank accounts and payroll systems and, among other things, were willfully negligent in their fiduciary duties, including preparing and rendering inaccurate and incomplete financial statements. Through same counsel, on September 2, 2022, we sent a demand letter to two of these parties for recovery of damages in the form of cash and stock. We have also demanded copies of work and calculations performed by the previously retained outsourced CFO firm to ascertain its validity and/or need for recalculation. We are working with our public company audit firm to restate our Forms 10-Q for the three months ended March 31, 2022 and the three months ended June 30, 2022 and to file a Form 10-Q for the three months ended September 30, 2022, which altogether would restore FOMO WORLDWIDE, INC. to SEC current reporting, though there can be no assurances.

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