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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: 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.
HUMBL Inc (OTC: HMBL) has secured a $500,000 strategic investment from Quail Hollow Capital, through a Convertible Promissory Note. The investment, announced on March 18, 2025, will primarily support essential public company operating costs, including audits, accounting, legal, and compliance requirements.
CEO Thiago Moura highlighted that the capital will also facilitate strategic growth and sales expansion between North American and Latin American operations. The company reports it has significantly reduced its burn rate and debt while focusing on driving revenues, achieving profitability, and pursuing an uplist to a senior exchange.
HUMBL (OTC: HMBL) has announced a $2 million Equity Swap Agreement and strategic partnership with NUBURU (NYSE: BURU). The deal includes NUBURU issuing $2 million in common stock to HUMBL, while HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU.
Key aspects of the agreement include:
- 70% of NUBURU shares will be distributed to HUMBL stockholders as a dividend
- HUMBL becomes the exclusive distributor for NUBURU's products in Brazil
- Potential expansion of distribution rights to all of Latin America based on performance metrics
The partnership aligns with HUMBL's transformation into a Berkshire-inspired holding company and NUBURU's expansion in defense and security markets. The deal is subject to regulatory and stockholder approvals, along with registration requirements.
NUBURU (NYSE: BURU) and HUMBL (OTC: HMBL) have announced a $2 million Equity Swap Agreement and strategic partnership. Under the agreement, NUBURU will issue $2 million in common stock to HUMBL, while HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU. Upon satisfying regulatory approvals, 70% of NUBURU shares will be distributed to HUMBL stockholders as a dividend.
The partnership includes a Master Distribution Agreement making HUMBL the exclusive distributor in Brazil for NUBURU's existing business and Defense and Security Portfolio. Future performance-based incentives may allow HUMBL to expand exclusivity to all of Latin America. The alliance combines NUBURU's technological expertise in high-power blue laser technology with HUMBL's market presence in Brazil, supported by Ybyra Capital's regional network.
HUMBL Inc. (OTC: HMBL) has announced a two-step transaction involving a stock purchase agreement with Ybyra Capital S.A. and asset sale to WSCG, Inc. HUMBL purchased Ybyra's subsidiary FinCapital, which includes $20,000,000 in physical assets. Ybyra's Chairman Thiago Moura will become HUMBL's new CEO. Additionally, HUMBL sold its brand and technology assets to WSCG for $20,000,000 in stock and cash. WSCG will focus on real estate and blockchain tokenization using HUMBL's technology. HUMBL shareholders will maintain investment exposure through equity stake in WSCG.
HUMBL, Inc. (OTC: HMBL) has been issued U.S. Patent No. 12,118,613 by the USPTO for a "System and Method for Transferring Currency Using Blockchain". The patent, formally issued on October 15, 2024, has potential applications in digital wallets, exchanges, banks, financial services, remittance, and more.
The patented system utilizes a user device and blockchain ledger, enabling communication between digital wallets and currency accounts for deposits. Each transaction is assigned an ID and recorded on the blockchain. CEO Brian Foote expressed appreciation for the USPTO's thorough review and emphasized the company's commitment to advancing blockchain technology in the U.S.
HUMBL, a digital technology platform, has renewed its partnership with the Oregon Blackbears to expand their digital ticketing program. This initiative leverages HUMBL's verified profiles and new digital technologies, aiming to enhance the fan experience by improving ticket cost, transparency, and digital authenticity. The program will integrate advancements in digital wallets and blockchain technology for future 2024 home games, providing fans with secure and authentic ticketing and merchandise options.
HUMBL (OTC: HMBL) announced a significant reduction in its stockholders' deficit by over $33 million since the end of 2022. As of March 31, 2024, the deficit was reduced from $35,289,568 to $1,809,551. This achievement was attributed mainly to the conversion of debt into equity, cost negotiation with vendors and service providers, and streamlining the budget to reduce cash burn and operating expenses. CEO Brian Foote highlighted the company's commitment to cleaning up its balance sheet and improving financial health, emphasizing these efforts as top priorities over the past years.
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