EX1A-12 OPN CNSL 14 tm243763d1_ex12-1.htm EXHIBIT 12.1

 

Exhibit 12.1

 

 

 

CrowdCheck Law LLP

700 12th Street NW, Suite 700

Washington, DC 20005

 

January 26, 2024

 

Board of Directors

Fanbase Social Media, Inc.

1737 Ellsworth, Ind. Blvd.

Atlanta, Georgia 30318

 

To the Board of Directors:

 

We are acting as counsel to Fanbase Social Media, Inc. (the “Company”) with respect to the preparation and filing of an offering statement on Form 1-A (the “Offering Statement”). The Offering Statement covers the contemplated sale of up to 2,556,391 shares of the Company’s Class B Non-Voting Common Stock for cash consideration, along with up to 639,097 shares of Class B Non-Voting Common Stock eligible to be issued as “Bonus Shares”, as defined in the Offering Statement, for an aggregate of 3,195,488 shares of Class B Non-Voting Common Stock.

 

In connection with the opinion contained herein, we have examined the Offering Statement, the Amended and Restated Certificate of Incorporation, as amended, Bylaws, and the resolutions of the Company’s board of directors and stockholders, as well as all other documents necessary to render an opinion. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such copies.

 

Based upon the foregoing, we are of the opinion that the shares of Class B Non-Voting Common Stock and the Bonus Shares being sold pursuant to the Offering Statement are duly authorized and will be, when issued in the manner described in the Offering Statement, legally and validly issued, fully paid and non-assessable.

 

No opinion is being rendered hereby with respect to the truth and accuracy, or completeness of the Offering Statement or any portion thereof.

 

We further consent to the use of this opinion as an exhibit to the Offering Statement.

 

Yours truly,

 

/s/ CrowdCheck Law LLP

 

CrowdCheck Law LLP