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HUMBL, Inc. (OTCMARKETS: TSNPD) has signed a Securities Purchase Agreement with Aurea Group Ventures for up to $7.5 million. Aurea Group will purchase 437,500 shares for $1 million due by March 30, 2021, and has the right to acquire 1.56 million additional shares and a 35% equity interest in a HUMBL subsidiary in Chile for $6.5 million. This agreement allows Aurea Group to receive 35% of profits from HUMBL's operations in Chile. The partnership aims to accelerate HUMBL's business development in Latin America across various sectors, including banking and tourism.
HUMBL, Inc. (OTCMARKETS: TSNPD) has announced a binding term sheet to acquire Tickeri, Inc. in a $20 million debt and stock transaction. Tickeri is a SaaS platform specializing in ticketing for Latin events across the Americas. In 2019, Tickeri sold over 1 million tickets, generating $30 million in ticketing volume, with 30% annual revenue growth in non-COVID years. The acquisition aims to enhance HUMBL's digital commerce capabilities in underrepresented Latino markets while integrating Tickeri's features into HUMBL's platforms.
HUMBL, based in San Diego, will conduct a shareholder conference call on February 26, 2021, at 5:00 p.m. EST. Management aims to share recent corporate developments and updates on ongoing projects. The call is limited to the first 5,000 sign-ins. HUMBL is developing a Web 3 platform to enhance digital economic interactions through its Mobile Applications, Marketplace, and Financial divisions, though some products are not available to U.S. customers.
HUMBL, Inc. (OTCPINK: TSNP) announced that FINRA has processed its corporate actions, including a name change and a one-for-four reverse split of its common stock. The stock symbol will change to 'TSNPD' on February 25, 2021, and to 'HMBL' on March 26, 2021. The reverse split aims to stabilize share price volatility and helps current shareholders retain their holdings. HUMBL's mission is to enhance digital transactions globally through its mobile app, merchant software, and marketplace.
On January 29, 2021, Tesoro Enterprises, Inc. (OTCMKT: TSNP) announced the launch of its new collection, HUMBL x SHOP, featuring affordable clothing and merchandise. The collection is designed in response to high demand for HUMBL core merchandise. Additionally, HUMBL Studios plans to offer blockchain-registered collectibles using Origin Assurance™ technology to combat counterfeiting. CEO Brian Foote highlighted the potential for primary and secondary markets on HUMBL Studios as blockchain integration grows. The company aims to collaborate with notable figures to create unique NFT collectibles.
