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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 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.
HUMBL, Inc. (OTC Markets: HMBL) announced a strategic reorganization and new appointments across its HUMBL Mobile Pay, HUMBL Marketplace, and HUMBL Financial divisions. Key new hires include Dennis Lee as Senior Advisor, Javier Gonzalez as CTO, and Adam Wolfe as Head of Blockchain Development. These changes aim to enhance technology development and expand product offerings, including blockchain integration and mobile payment features. The company is actively seeking to recruit additional tech talent to support these initiatives.
HUMBL, Inc. (OTC Markets: HMBL) announced the launch of its HUMBL Pay mobile application, available after 2 PM PST on April 16, 2021. This app will enable contactless transactions, allowing customers to pay, tip, and review merchants. The app includes ticketing capabilities and links to HUMBL Financial services. Rollout will occur in phases, starting with the U.S., Canada, Mexico, Australia, Singapore, and New Zealand, with further phases to include several European and Asian countries. Outdoor media campaigns will accompany the launch.
HUMBL, Inc. (OTC Markets: HMBL) has secured a $3,000,000 bridge note from Brighton Capital Partners. The company also signed an Equity Financing Agreement allowing Brighton to purchase up to $50,000,000 of HUMBL common stock at a 20% discount. The bridge loan is backed by a $3,300,000 Convertible Promissory Note, with a 10% interest rate and a fixed conversion price of $3.15 per share. HUMBL can redeem the note as early as 12 months after its issuance or upon S-1 Registration Statement effectiveness.
HUMBL, Inc. (OTCMARKETS: HMBL) announced the launch of its BLOCK Exchange Traded Index (ETX) products, available to U.S. customers starting April 2, 2021. BLOCK ETXs aim to simplify digital asset investing by providing algorithmically driven services that allow users to purchase digital assets via platforms like Coinbase Pro, Bittrex US, and Binance US. Additionally, HUMBL Financial plans to offer comprehensive financial services, including payments and credit. The company is open to licensing these products to institutions.