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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.
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.