Welcome to our dedicated page for Humbl news (Ticker: HMBL), a resource for investors and traders seeking the latest updates and insights on Humbl stock.
HUMBL, Inc. (OTC: HMBL) generates news that reflects its transition from a technology-focused holding company into a public vehicle centered on real estate acquisition and blockchain-enabled tokenization under the TAP Real Estate Technologies, Inc. identity. Company updates have detailed corporate rebranding steps, licensing agreements for real estate tokenization technology, restructuring actions, litigation outcomes, and leadership changes, offering investors insight into how the HMBL story is evolving.
Recent press releases describe a strategic corporate rebrand to TAP Real Estate Technologies, Inc., with a focus on acquiring, managing, and tokenizing residential, commercial, and hospitality properties. News coverage explains how the company plans to use the TAP platform—covering tools such as TAP AI Analyzer, TAP Wallet, TAP Token Engine, and TAP Smart Contracts—to structure tokenized real estate offerings, manage investor participation, and administer assets over their lifecycle.
Earlier announcements highlight HUMBL’s corporate clean-up and restructuring plan, including the retirement of preferred shares, the termination of a large common stock issuance obligation, debt reduction, and the completion of an Asset Purchase Agreement with WSCG, Inc. Additional news items report on a joint venture agreement with MultiCortex, LLC that was later unwound, as well as the launch and subsequent termination of AI-related initiatives as the company refocused its strategy.
Legal and governance developments also feature prominently in HMBL news, including the dismissal with prejudice of a securities class action complaint and the appointment of Gregory Hopkins as Chief Executive Officer and later Chairman. For investors tracking HMBL, this news feed provides a consolidated view of material events, strategic shifts, financing arrangements, and regulatory disclosures that shape the company’s trajectory. Bookmarking this page allows readers to follow how HUMBL’s transition toward TAP Real Estate and tokenized real estate models progresses over time.
HUMBL Inc (OTCQB: HMBL) has secured a funding commitment of up to $21 million as part of a comprehensive plan to recapitalize the company and pursue uplisting to a major exchange. The funding includes:
1. An Equity Financing Agreement with Pacific Lion for up to $20 million in common stock purchases.
2. A Convertible Promissory Note from Pacific Lion for up to $800,000.
3. $220,000 raised through the sale of common stock and warrants to private investors.
This restructuring aims to consolidate and retire existing debt, reduce dilution, and strengthen HUMBL's balance sheet. The company also plans to file a Regulation A+ offering to raise up to $75 million from the general public. HUMBL is working with Pacific Lion to capitalize the company and prepare for a potential uplisting within a 6-18 month timeframe.
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On April 25, 2023, the Santa Cruz County Board of Supervisors unanimously approved HUMBL, Inc. to develop a digital wallet program utilizing blockchain technology for various government services, including bicycle and RV parking registrations. The digital wallet aims to enhance trust, transparency, and efficiency in government operations. The initiative follows a proposal accepted on April 12, 2022, at no cost to the County, and it aligns with California's Senate Bill 786, which permits digital issuance of vital records. HUMBL's CEO, Brian Foote, expressed pride in piloting this project in California, targeting a service that benefits all Santa Cruz residents. A formal report on the project's progress is expected in early September 2023.
HUMBL, Inc. (OTCQB: HMBL) has launched a new Web 3 community badge and loyalty program called Humblnauts, aimed at verified HUMBL social media members. This initiative, developed in collaboration with DeltaFlare, includes various digital badges representing member contributions and statuses, such as Founder and Visionary.
The program will reward community members for content creation and innovation on the HUMBL platform, with special badges for first responders. The badges are authenticated via the BLOCKS Registry for verified ownership.
CEO Brian Foote highlighted the potential of Web3 in enhancing digital engagement, as HUMBL aims to foster community interaction and expand its offerings with periodic updates to the Humblnauts collection.
On April 12, 2023, HUMBL launched merchant payment support for major credit cards, including Visa, Mastercard, American Express, and Discover. This feature is part of HUMBL's integrated platform, which serves as a digital wallet, search engine, social media hub, and marketplace. The platform aims to combat issues like fake profiles and unreliable reviews by ensuring that all users are verified through a third-party provider.
Merchants can directly engage with customers through the HUMBL Wallet, offering special promotions without traditional advertising methods. The payment option is valuable for mobile merchants in various industries, allowing cashless transactions without hardware. Initially, credit card payments will be available in several countries, including the United States, Canada, and European nations.
HUMBL, Inc. (OTCQB: HMBL) has launched its Web3 Ads™ and CRM technologies, enabling direct connections between brands and customers via the HUMBL Wallet. This platform facilitates exclusive offers, product drops, and loyalty programs using blockchain technology, ensuring secure tracking of physical products and digital collectibles. Additionally, HUMBL aims to combat digital advertising fraud, estimated at $60 billion annually, by providing measurable and privacy-focused advertising solutions. The HUMBL Wallet allows users to receive tailored offers without sharing Personally Identifiable Information (PII). The company plans to offer analytics dashboards for advertisers and traditional advertising through the HUMBL Search Engine, enhancing campaign efficiency.
On March 30, 2023, HUMBL announced a marketing partnership with the Women’s National Football Conference (WNFC). The partnership includes the display of HUMBL logos at all WNFC regular-season games and designates HUMBL as the official 'Blue Zone' sponsor for the 2023 season. HUMBL's sponsorship will extend across its platform, including the HUMBL digital wallet and social media. The collaboration aims to enhance engagement in women's sports and showcase WNFC merchandise through verified sales. HUMBL positions itself within the growing women's sports market, highlighting the potential for tech-driven brand engagement.
HUMBL, Inc. (OTCQB: HMBL) announced the launch of its Artificial Intelligence (AI) and Automated Machine Learning initiatives across its consumer and commercial units, including its Latin America business. The company secured a $60,000 contract with a leading IT provider in Latin America, aiming for a total value of $195,000 over three years, contingent on milestone achievements. HUMBL is also testing its consumer AI initiatives, including the 'Hey BLUE' virtual assistant, which will be integrated throughout its HUMBL Platform. This expansion is expected to enhance consumer experiences and drive revenue, leveraging AI for predictive outcomes in various sectors.
HUMBL, Inc. (OTCQB: HMBL) announced the launch of its digital wallet, HUMBL Wallet, enabling peer-to-peer (P2P) and merchant payments on its platform. Customers can send and request payments using digital assets such as USDC, Ethereum, and Polygon. The platform aims to facilitate verified transactions without traditional banking intermediaries, enhancing inclusivity. Upcoming features include credit card payment integration for mobile merchants. CEO Brian Foote emphasized the company's vision of transitioning transactions onto decentralized blockchain technology, benefiting users across over 130 countries.
HUMBL, Inc. (OTC: HMBL) has launched a new feature called HUMBL Chat™, which allows users to create voice chat rooms for up to 1,000 participants. This service aims to enhance social media interactions with verified profiles, fostering authenticity and potential monetization. The company is also testing the capability to record these audio sessions for various uses like podcasts and transcriptions. Additionally, HUMBL's innovative digital wallet integrates digital assets, a search engine, and verified social profiles. Future plans include developing merchandise shops and enhancing merchant payment integrations.