Current Report Filing (8-k)
August 22 2019 - 6:07AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 22, 2019
2050
MOTORS, INC.
(Exact
name of Registrant as specified in its Charter)
CALIFORNIA
|
|
001-13126
|
|
83-3889101
|
(State
or other jurisdiction
of
incorporation)
|
|
(Commission
File
No.)
|
|
(IRS
Employer
Identification
No.)
|
25
N River Lane Suite 2050, Geneva, IL 60134
(Address
of principal executive offices)
(630)
708-0750
(Registrant’s
Telephone Number)
(Former
name or address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
[ ]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
[ ]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act [X]
2050
Motors, Inc. is referred to herein as “we”, “us”, or “us”
ITEM
8.01 Other Events
On
August 22, 2019, 2050 Motors, Inc. terminated its letter of intent (“LOI”) with LVG1 to purchase 10% of LVG1 equity
using 100,000 Series B Preferred Shares (convertible into 100,000,000 common shares of 2050 Motors stock) as consideration. LVG1
is owner and operator of a branded portfolio of consumer products and services targeting the global travel and entertainment industries,
with access to over 33,000 villas and resort properties worldwide using a wholesale e-commerce platform. The entity and its affiliates
have active engagements today in the travel, tourism, eSports, and cannabidiol (“CBD”) markets, with contracts signed
or under negotiation with well-known operators, teams, consumer brands and distributors targeting multiple nationwide retailers
with tens of thousands of points of sale. Subject to mutual agreement, it remains 2050’s desire to leverage the LVG1 brands
across its cannabis social network currently under development @
www.kanab.club
including embedding them on a co-branded
or similar basis into its planned e-commerce marketplace.
Item
9.01. Exhibits
(a)
Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
2050
MOTORS, INC.
|
|
|
|
Date:
August 22, 2019
|
By:
|
/s/
Vikram Grover
|
|
|
Vikram
Grover
|
|
|
Chief
Executive Officer
|
FOMO (PK) (USOTC:FOMC)
Historical Stock Chart
From Apr 2024 to May 2024
FOMO (PK) (USOTC:FOMC)
Historical Stock Chart
From May 2023 to May 2024