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.
On February 22, 2023, HUMBL announced the cancellation of its 1:10 reverse stock split application with FINRA, reassessing its strategic plans for an uplist to a major exchange. CEO Brian Foote emphasized a commitment to reviewing business strategies, launching a mobile wallet for digital assets, and addressing legacy debt. The cancellation aligns with the company’s goals and aims to protect retail shareholders' interests. HUMBL offers a Web 3 platform with products like HUMBL Wallet and HUMBL Search Engine, alongside blockchain services.
HUMBL (OTCQB: HMBL) announced new sports marketing partnerships with mixed martial artists Jose Mariscal and Ovince Saint Preux. Mariscal will headline LFA 153 on February 17, 2023, with HUMBL branding featured prominently on his fight gear, while Saint Preux is set to fight on February 18, 2023, at UFC Fight Night. Both athletes will promote HUMBL on their social media and will connect with fans through their verified HUMBL profiles. This initiative aims to increase brand visibility and engage with customers on HUMBL's platforms, enhancing the company's outreach in the sports realm.
HUMBL, Inc. (OTC: HMBL) has launched the HUMBL Wallet, a mobile application combining digital asset management, a search engine, and verified social media profiles. Available on the Apple App Store in over 140 countries, the HUMBL Wallet aims to be a comprehensive 'Super App' for financial technology, social media, and mobile payments. It allows users to buy, sell, and hold digital assets, access various search features, and utilize verified profiles. The company plans to enhance the app with additional features and will soon enable SMB/merchant payments.
HUMBL, Inc. (OTCQB: HMBL) announced the spin-off of Tickeri, Inc. on February 10, 2023, aiming to refocus efforts on its core technologies. This strategic decision allows HUMBL to reduce its debt by over $10 million and to streamline its operations by eliminating operating expenses associated with Tickeri. The divestiture is expected to enhance shareholder equity and support HUMBL's growth objectives, including plans to uplist to a major exchange. CEO Brian Foote emphasized the move will allow for greater investment in their Web 3 platform, enabling more efficient capital allocation and reducing reliance on dilutive financing.
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HUMBL announced an Equity Financing Agreement with GHS Investments, allowing the purchase of up to $20 million of HUMBL common stock. The company can initiate purchases at a 20% discount based on the average of the three lowest closing prices over the past 10 trading days. Post-uplist to Nasdaq, the discount reduces to 10%. Each put notice may not exceed $500,000 or 200% of the average daily trading volume. Further details are available in HUMBL’s 8-K filing.
HUMBL (OTCQB: HMBL) has launched a digital collectibles NFT program in partnership with the Rugby League Samoa Alliance. Fans can now collect unique NFTs of their favorite Samoa players in their HUMBL wallets, which can also be linked to various merchandise and experiences. The NFTs will be verified by BLOCKS and authenticated on the BLOCKS Registry, ensuring lifetime tracking. The partnership aims to enhance digital fan engagement and boost support for grassroots programs, while HUMBL continues to explore innovative solutions in the sports and entertainment sectors.
HUMBL announced the acquisition of BM Authentics, a provider of sports merchandise, to enhance its product offerings. The deal involved 90 million shares of HUMBL stock and $110,000 in cash. This strategic move aims to integrate verified sports memorabilia into the HUMBL platform, utilizing blockchain for authentication and tracking. Brian Meltzer from BM Authentics joins HUMBL as Vice President, Sales and Revenue, emphasizing the importance of combating fraud in the collectibles market. The acquisition aligns with HUMBL's goal to drive product sales and revenues through innovative technology.
HUMBL, Inc. (OTC Markets: HMBL) has announced a strategic technology partnership with Great Foods2Go (GF2GO) in San Diego, aimed at enhancing technology solutions for cloud kitchens and delivery services. The collaboration will integrate HUMBL’s technologies, including Wallet and Pay, to support GF2GO and its sub-brand 1Delivery. The partnership will initially focus on a cloud kitchen location that currently handles over 2,000 food orders monthly across 30 virtual brands. This location will serve as a testing ground for the best technology mix to optimize delivery services, with plans for future expansion.
HUMBL CEO Brian Foote has retired an additional 45,000 Series B Preferred Stock shares, equating to 450,000,000 common shares, enhancing efforts to reduce shareholder dilution. This retirement adds to a total of approximately 774,917,333 common shares retired at his personal expense. The market value of this latest action is around $13,500,000. Foote stated the move supports HUMBL's fundraising and acquisitions strategies.