UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 7.01. Regulation FD Disclosure.
On June 13, 2023, Clubhouse Media Group, Inc. (the “Company”) issued a press release announcing that the Company has filed it Form 10-Q Quarterly report for the quarter ending March 31, 2023 on June 8, 2023 (“10-Q”).
The press release also announced a financial summary from the 10-Q, comparing key financial results from the first quarter of 2023 to key financial results from the first quarter of 2022, including: total net revenue increased 67% to $1,357,382, compared to $813,477; operating expenses decreased 48% to $703,629 compared to $1,360,488; operating loss decreased 54% to $554,307, compared to $1,218,159; and, net loss decreased 36% to $2,222,319, compared to $3,498,15.
The information included in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit | ||
| Number | Description | |
| 99.1 | Press release issued by the registrant on June 13, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
| 2 |
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 thereunto duly authorized.
| Date: June 13, 2023 | CLUBHOUSE MEDIA GROUP, INC. | |
| By: | /s/ Amir Ben-Yohanan | |
| Amir Ben-Yohanan | ||
| Chief Executive Officer | ||
| 3 |