TAP Real Estate extends Zermatt Resort purchase option

TAP Real Estate Technologies, Inc. entered into an Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC on March 24, 2026 for the potential purchase of the Zermatt Resort in Midway, Utah.

Rhea-AI Filing Summary

TAP Real Estate Technologies, Inc. entered into an Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC on March 24, 2026 for the potential purchase of the Zermatt Resort in Midway, Utah. The agreement gave the company a 60-day option to buy the property.

On May 22, 2026, both parties signed a First Addendum to the Option Agreement, extending the option period by an additional 90 days. The addendum is filed as Exhibit 10.1, providing more detailed terms of this material definitive agreement.

Insights

Real estate and corporate transactions analyst

TAP Real Estate extends its option window to potentially acquire the Zermatt Resort.

TAP Real Estate Technologies, Inc. secured a 60-day option on March 24, 2026 to purchase the Zermatt Resort from Wasatch Springs Management Holdings, LLC. An option gives the company time-limited exclusive rights to purchase, typically after due diligence.

The option period was later extended by 90 days through a First Addendum effective May 22, 2026, suggesting the parties want to preserve the potential transaction while details are evaluated. No purchase price or financing terms appear in the excerpt, so the financial impact cannot be gauged here.

The addendum is designated as a material definitive agreement, indicating management considers the potential resort acquisition important to the business. Future disclosures in company filings may outline whether the option is exercised and under what terms.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Initial option term: 60 days Extension term: 90 days Initial agreement date: March 24, 2026 +2 more

5 metrics

Initial option term 60 days Option to Purchase Agreement dated March 24, 2026

Extension term 90 days First Addendum effective May 22, 2026

Initial agreement date March 24, 2026 Option to purchase Zermatt Resort

Addendum effective date May 22, 2026 Extension of option period

Exhibit number 10.1 First Addendum to Option to Purchase Agreement

Key Terms

Material Definitive Agreement, Option to Purchase Agreement, First Addendum to Option Agreement, Inline XBRL

4 terms

Material Definitive Agreement regulatory

"Item 1.01 Entry into a Material Definitive Agreement."

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

Option to Purchase Agreement financial

"entered into an Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC"

First Addendum to Option Agreement financial

"reference to the First Addendum to Option Agreement which is filed as Exhibit 10.1"

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)."

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreement did TAP Real Estate Technologies (HMBL) enter regarding the Zermatt Resort?

TAP Real Estate Technologies, Inc. entered an Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC on March 24, 2026, giving it a 60-day option to purchase the Zermatt Resort in Midway, Utah, subject to terms in the agreement and its addendum.

How long is TAP Real Estate’s option period for the Zermatt Resort?

The company initially obtained a 60-day option on March 24, 2026. On May 22, 2026, TAP Real Estate and Wasatch Springs signed a First Addendum extending the option period by an additional 90 days, lengthening the time to potentially complete a purchase.

Who is TAP Real Estate’s counterparty in the Zermatt Resort option agreement?

The counterparty is Wasatch Springs Management Holdings, LLC. TAP Real Estate Technologies, Inc. and Wasatch Springs entered into an Option to Purchase Agreement covering the Zermatt Resort, later modified by a First Addendum dated effective as of May 22, 2026, filed as Exhibit 10.1.

What is Exhibit 10.1 in TAP Real Estate Technologies’ (HMBL) 8-K?

Exhibit 10.1 is the First Addendum to the Option to Purchase Agreement between TAP Real Estate Technologies, Inc. and Wasatch Springs Management Holdings, LLC. It documents the 90-day extension of the option period for the potential purchase of the Zermatt Resort, effective May 22, 2026.

Why is the Zermatt Resort option described as a material definitive agreement for HMBL?

It is reported under Item 1.01 Entry into a Material Definitive Agreement, indicating management considers the option for the Zermatt Resort important to the company’s business. Such classification typically reflects potential strategic or financial significance to TAP Real Estate Technologies, Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 04:05 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 22, 2026

TAP Real Estate Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware		000-31267		27-1296318
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

101 W. Broadway
Suite 1450
San Diego, CA		92101
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (786) 738-9012

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.00001		RWAX		OTCID

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On March 24, 2026, TAP Real Estate Technologies, Inc. (the “Company”) entered into an Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC (“Wasatch Springs”) for the potential purchase of the Zermatt Resort in Midway, Utah (the “Option Agreement”). Pursuant to the terms of the Option Agreement, the Company acquired a 60-day option to purchase the Zermatt Resort from Wasatch Springs. On May 22, 2026, the Company and Wasatch Springs signed an addendum to the Option Agreement to extend the option period for an additional 90 days.

The foregoing description of the Option Agreement does not purport to be complete and is qualified in its entirety by reference to the First Addendum to Option Agreement which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

	Exhibits
	10.1		First Addendum to Option to Purchase Agreement between TAP Real Estate Technologies, Inc. and Wasatch Springs Management Holdings, LLC dated effective as of May 22, 2026.
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 29, 2026	TAP Real Estate Technologies, Inc.
	By:	/s/ Gregory Hopkins
		Gregory Hopkins, CEO

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 19.1 KB

Other Documents

• EX-101 XBRL SCHEMA FILE 3.0 KB
• EX-101 XBRL LABEL FILE 33.4 KB
• EX-101 XBRL PRESENTATION FILE 21.9 KB