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TAP Real Estate Technologies, Inc., formerly HUMBL, Inc., reports corporate developments tied to its completed name and ticker change and its focus on digital infrastructure for real estate and other real world assets. Company updates have covered real estate tokenization, technology licensing, capital-structure cleanup, settlement agreements, governance changes, and OTC trading status.
HUMBL-related news also includes historical items on restructuring actions, debt and dilution reduction efforts, leadership transitions, and the dismissal of a securities class action. The recurring themes center on the company's transition from a broader technology holding-company profile toward real estate-focused digital asset infrastructure.
HUMBL, Inc. (OTC Markets: HMBL) announced the appointment of Brad Hoagland as an independent director to its board. Hoagland is currently the Chief Financial Officer at Ecoark Holdings and has extensive experience in the financial sector, including roles at Trend Discovery Capital Management and Prudential Financial. He possesses strong financial modeling skills and holds a Bachelor of Arts in Economics from Bucknell University. HUMBL focuses on integrating mobile payments, tickets, NFTs, and digital assets on the blockchain.
HUMBL, Inc. (OTC Markets: HMBL) has announced a partnership with USA Track and Field athlete Gabby Thomas. Known for her Olympic representation and impressive academic background, Thomas will serve as a brand ambassador for HUMBL over the coming year. This collaboration aims to leverage her personal brand, athletic achievements, and commitment to global health initiatives. HUMBL focuses on mobile payments, ticketing, and NFTs, as it continues to expand its presence in the blockchain sector.
HUMBL announced the retirement of 9,350 shares of Series B Preferred Stock by CEO Brian Foote, equivalent to 93,500,000 common shares, valued over $100 million. This move aims to reduce share count and protect investors from dilution during brand partnerships and acquisitions, including Tickeri and Monster LA. Foote previously retired over 551 million shares in November 2020 at personal cost. The retirement will also cover future potential acquisitions. Foote stated the company is focused on enhancing shareholder value and pursuing strategic rollup acquisitions.
HUMBL has appointed a group of strategic advisors to enhance its development and acquisition strategies in mobile payments, ticketing, NFTs, and real estate on the blockchain. CEO Brian Foote expressed confidence in leveraging their extensive experience and connections to drive growth. Notable advisors include David Dunn from Athletes First, finance expert Rob Luna, former NBA player Rick Fox, and several others with significant accomplishments in their fields. This strategic move aims to position HUMBL for future success in a competitive market.
HUMBL (OTC Markets: HMBL) announced the completion of its acquisition of Monster Creative, a premier Hollywood production studio, for a total of $8 million. This consisted of $7.5 million in convertible debt and $500,000 in non-convertible debt. Notable founders Doug Brandt and Kevin Childress will maintain independent operations while collaborating with HUMBL on digital media, NFTs, and ticketing experiences. The acquisition aims to strengthen HUMBL's presence in the entertainment sector, leveraging Monster Creative's extensive industry expertise.
HUMBL, Inc. (OTC Markets: HMBL) has successfully acquired Tickeri, Inc., a premier Latin-focused ticketing platform, for $20M through a combination of debt and common stock. This acquisition aims to enhance ticketing, remittance, and mobile payment services for Latin American customers. Tickeri has shown impressive growth post-COVID, exceeding previous attendance figures. The deal is expected to synergize HUMBL's blockchain technologies with Tickeri's established audience, facilitating broader expansion into the primary and secondary ticketing markets.
HUMBL, Inc. (OTC Markets: HMBL) has partnered with Athletes First to develop new business verticals in NFTs, digital media, and ticketing. Athletes First, a leading sports agency, will assist HUMBL in curating NFT galleries and offer marketing support. This collaboration aims to leverage Athletes First's extensive roster of NFL talent to create opportunities in mobile payments and blockchain technology. HUMBL CEO Brian Foote highlights the potential benefits for both current and retired athletes within the evolving digital landscape.
HUMBL, Inc. (OTC Markets: HMBL) announced closing of $2,500,000 in financing to bridge a $50,000,000 equity agreement. The company now holds $6,005,615 in cash. The first investor group received $1,530,000 in convertible promissory notes and warrants for 3,000,000 shares at $1.00 each. Archura Capital also invested $1,000,000, receiving a $1,020,000 convertible note. Proceeds will focus on operational expenses and technology team expansion.
CEO Brian Foote expressed gratitude towards investors for their ongoing support.
HUMBL, Inc. (OTC Markets: HMBL) has launched its HUMBL Non-Fungible Token (NFT) Gallery, accessible via HUMBLpay.com. This platform enables content creators to mint NFTs and consumers to purchase them. The initial collection features photography from renowned artists Andrew Small and Jared Raskind, with an auction running until May 28. HUMBL aims to establish itself in the blockchain space, providing services across various sectors, including arts and entertainment.
HUMBL has signed a binding term sheet to acquire Monster Creative, LLC, a leading creative advertising agency focused on the entertainment sector. The acquisition, valued at $7.5 million in HUMBL stock, alongside $500,000 in cash and a $500,000 promissory note, is expected to enhance HUMBL's capabilities in creating multimedia NFTs and ticketing experiences. Monster Creative will operate independently while collaborating with HUMBL. Notable projects by Monster include campaigns for major films and series.