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Humbl Inc (HMBL) delivers innovative digital ticketing solutions through secure authentication protocols and transaction efficiency. This news hub provides investors and industry stakeholders with essential updates about the company's evolving position in event management and digital commerce.
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HUMBL Inc (OTC: HMBL) announced the mutual unwinding of its $2 million Share Exchange Agreement and Master Distribution Agreement with NUBURU Inc. The decision aligns with HUMBL's strategy to enhance shareholder value and limit dilution in non-core business segments.
The company is redirecting its focus toward its newly announced joint venture with MultiCortex , a U.S. and Brazilian-based artificial intelligence company specializing in high-performance computing and advanced inference systems. CEO Thiago Moura emphasized that this strategic shift positions HUMBL at the intersection of AI growth between the U.S. and Latin America.
NUBURU Inc (NYSE American: BURU) announced the immediate termination of its $2 million Share Exchange Agreement and partnership with HUMBL Inc (OTC: HMBL). The partnership, initially announced on February 28, 2025, aimed to leverage NUBURU's laser technologies and HUMBL's distribution network in Brazil for Latin American market expansion.
The decision follows a strategic review by NUBURU's management, who determined the partnership no longer aligned with their core objectives. The company is now refocusing entirely on the defense and security sectors, where it's experiencing significant growth. Executive Chairman Alessandro Zamboni emphasized that this strategic shift allows NUBURU to concentrate resources on their defense technology initiatives.
NUBURU maintains its commitment to its strategic plan, including a Joint-Pursuit Agreement (JPA) with a defense-tech company for developing directed energy weapons and advanced surveillance systems.
HUMBL Inc (OTC: HMBL) has announced a joint venture agreement with MultiCortex, an AI and high-performance computing company based in the US and Brazil. HUMBL will hold a 51% equity stake in the venture, with MultiCortex co-founders retaining 49%.
HUMBL plans to invest up to $3 million USD from its upcoming Regulation A+ offering to support market initiatives. The partnership focuses on commercializing MultiCortex's proprietary 'Forest of Algorithms' - a federated large language model platform that integrates multiple AI systems.
The AI system will be distributed globally through major cloud marketplaces including AWS, Google Cloud, Oracle Cloud, and Microsoft Azure. MultiCortex CTO Alessandro Faria, a member of the Intel International Council, has developed technologies processing over 100 million biometric identities. The venture aims to expand MultiCortex's presence in the US market and develop tailored AI solutions for enterprise clients.
HUMBL (OTC: HMBL) has announced plans to change its corporate name to HUMBL Ventures, with an application deadline to FINRA set for June 30, 2025. The company has secured permission from WSCG to continue using both the HUMBL brand logo and trademark, as well as maintain its current ticker symbol (OTC: HMBL) after the transition.
The name change, subject to FINRA approval, aims to better reflect the company's business model focused on technology joint ventures and mergers & acquisitions within its holding company structure. Additionally, HUMBL has announced a new joint venture partnership with MultiCortex AI, a U.S. and Brazilian-based artificial intelligence company, as the latest addition to its portfolio.
HUMBL Inc (OTC: HMBL) has completed its Asset Purchase Agreement with WSCG Inc, receiving a final cash payment of $2,000,000. The transaction involves WSCG's acquisition of HUMBL's consumer brand, product lines, and patented intellectual property.
As part of the agreement, HUMBL maintains an equity stake in WSCG. This transaction marks HUMBL's strategic transformation into a holding company, with a focus on high-value joint ventures, mergers, acquisitions, and sales distribution between the United States and Latin America.
HUMBL Inc (OTC: HMBL) has secured a $500,000 strategic investment from Quail Hollow Capital, through a Convertible Promissory Note. The investment, announced on March 18, 2025, will primarily support essential public company operating costs, including audits, accounting, legal, and compliance requirements.
CEO Thiago Moura highlighted that the capital will also facilitate strategic growth and sales expansion between North American and Latin American operations. The company reports it has significantly reduced its burn rate and debt while focusing on driving revenues, achieving profitability, and pursuing an uplist to a senior exchange.
HUMBL (OTC: HMBL) has announced a $2 million Equity Swap Agreement and strategic partnership with NUBURU (NYSE: BURU). The deal includes NUBURU issuing $2 million in common stock to HUMBL, while HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU.
Key aspects of the agreement include:
- 70% of NUBURU shares will be distributed to HUMBL stockholders as a dividend
- HUMBL becomes the exclusive distributor for NUBURU's products in Brazil
- Potential expansion of distribution rights to all of Latin America based on performance metrics
The partnership aligns with HUMBL's transformation into a Berkshire-inspired holding company and NUBURU's expansion in defense and security markets. The deal is subject to regulatory and stockholder approvals, along with registration requirements.
NUBURU (NYSE: BURU) and HUMBL (OTC: HMBL) have announced a $2 million Equity Swap Agreement and strategic partnership. Under the agreement, NUBURU will issue $2 million in common stock to HUMBL, while HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU. Upon satisfying regulatory approvals, 70% of NUBURU shares will be distributed to HUMBL stockholders as a dividend.
The partnership includes a Master Distribution Agreement making HUMBL the exclusive distributor in Brazil for NUBURU's existing business and Defense and Security Portfolio. Future performance-based incentives may allow HUMBL to expand exclusivity to all of Latin America. The alliance combines NUBURU's technological expertise in high-power blue laser technology with HUMBL's market presence in Brazil, supported by Ybyra Capital's regional network.
HUMBL Inc. (OTC: HMBL) has announced a two-step transaction involving a stock purchase agreement with Ybyra Capital S.A. and asset sale to WSCG, Inc. HUMBL purchased Ybyra's subsidiary FinCapital, which includes $20,000,000 in physical assets. Ybyra's Chairman Thiago Moura will become HUMBL's new CEO. Additionally, HUMBL sold its brand and technology assets to WSCG for $20,000,000 in stock and cash. WSCG will focus on real estate and blockchain tokenization using HUMBL's technology. HUMBL shareholders will maintain investment exposure through equity stake in WSCG.
HUMBL, Inc. (OTC: HMBL) has been issued U.S. Patent No. 12,118,613 by the USPTO for a "System and Method for Transferring Currency Using Blockchain". The patent, formally issued on October 15, 2024, has potential applications in digital wallets, exchanges, banks, financial services, remittance, and more.
The patented system utilizes a user device and blockchain ledger, enabling communication between digital wallets and currency accounts for deposits. Each transaction is assigned an ID and recorded on the blockchain. CEO Brian Foote expressed appreciation for the USPTO's thorough review and emphasized the company's commitment to advancing blockchain technology in the U.S.
