HUMBL, Inc. Announces Completion of Asset Purchase Agreement

Rhea-AI Summary

HUMBL Inc (OTC: HMBL) has completed its Asset Purchase Agreement with WSCG Inc, receiving a final cash payment of $2,000,000. The transaction involves WSCG's acquisition of HUMBL's consumer brand, product lines, and patented intellectual property.

As part of the agreement, HUMBL maintains an equity stake in WSCG. This transaction marks HUMBL's strategic transformation into a holding company, with a focus on high-value joint ventures, mergers, acquisitions, and sales distribution between the United States and Latin America.

Positive

• Received $2,000,000 cash payment from asset sale
• Retained equity interest in WSCG Inc
• Strategic repositioning as a holding company

Negative

• Divestment of core consumer brand and product lines
• Loss of patented intellectual property ownership

News Market Reaction

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On the day this news was published, HMBL declined NaN%, reflecting a moderate negative market reaction.

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Salt Lake City, Utah, April 01, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) and WSCG, Inc., are pleased to announce the successful completion of their previously announced Asset Purchase Agreement.

The transaction included a final cash payment by WSCG, Inc. of $2,000,000 to HUMBL, Inc., which has now been made in accordance with the terms of the agreement.

As part of the agreement, WSCG, Inc. has finalized the acquisition of certain HUMBL, Inc. assets such as the “HUMBL” consumer brand, product lines and patented intellectual property. The public company also retains an equity interest in WSCG, Inc.

With this step-transaction finalized, the public company of HUMBL, Inc. continues to transform itself into a strategic holding company, focused on high-value joint ventures, mergers, acquisitions and sales distribution between the U.S. and Latin America.

About HUMBL, Inc.

HUMBL, Inc. is moving into a shareholder value-centric approach under the new leadership of CEO Thiago Moura - Principal of Ybyra Capital - a Brazilian holding company with diversified investments in real estate, commodities, and mining.

The company’s unique structure enables it to create two-way distribution pipelines throughout the U.S. and Latin America, leveraging Ybyra Capital’s established regional presence to offer strategic partners immediate access to these high-value markets.

About WSCG, Inc.

WSCG, Inc. is a private technology company headquartered in Salt Lake City, Utah, focused on the development of Web3 technologies such as digital wallets and the blockchain tokenization of real world assets.

HUMBL, Inc. (OTC: HMBL)
Investor Relations: ir@humbl.com
Media Contact: media@humbl.com

FAQ

How much did WSCG pay HUMBL (HMBL) in the final payment of the Asset Purchase Agreement?

WSCG made a final cash payment of $2,000,000 to HUMBL (HMBL) as part of the Asset Purchase Agreement.

What assets did HUMBL (HMBL) sell to WSCG in April 2025?

HUMBL sold its consumer brand, product lines, and patented intellectual property to WSCG.

What is HUMBL's (HMBL) new business strategy after the asset sale?

HUMBL is transforming into a strategic holding company focused on joint ventures, mergers, acquisitions, and sales distribution between the U.S. and Latin America.

Does HUMBL (HMBL) retain any interest in WSCG after the asset sale?

Yes, HUMBL maintains an equity interest in WSCG as part of the agreement.