Humbl Inc - HMBL STOCK NEWS

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.

HUMBL, a digital technology platform, has renewed its partnership with the Oregon Blackbears to expand their digital ticketing program. This initiative leverages HUMBL's verified profiles and new digital technologies, aiming to enhance the fan experience by improving ticket cost, transparency, and digital authenticity. The program will integrate advancements in digital wallets and blockchain technology for future 2024 home games, providing fans with secure and authentic ticketing and merchandise options.

HUMBL (OTC: HMBL) announced a significant reduction in its stockholders' deficit by over $33 million since the end of 2022. As of March 31, 2024, the deficit was reduced from $35,289,568 to $1,809,551. This achievement was attributed mainly to the conversion of debt into equity, cost negotiation with vendors and service providers, and streamlining the budget to reduce cash burn and operating expenses. CEO Brian Foote highlighted the company's commitment to cleaning up its balance sheet and improving financial health, emphasizing these efforts as top priorities over the past years.

HUMBL, Inc. and HUMBL Authentics partner with the Minnesota Myth of the AFL to deliver authentic merchandise through blockchain technology. The partnership aims to enhance fan experience, combat counterfeit clothing, and provide transparency through Certificates of Authenticity. The deal includes unique apparel lines reflecting diversity and quality.

HUMBL, Inc. and Avrio announce the acquisition of HUMBL Financial brand, products, and services by Avrio. The agreement includes a $5,000,000 asset purchase deal, giving HUMBL a 10% ownership stake in Avrio, a 2.5% revenue share on HUMBL Financial products, and a board seat for HUMBL CEO. Avrio's technology will enhance HUMBL Financial's global market access, allowing it to scale rapidly in various financial markets.

HUMBL (OTC: HMBL) partners with the Arena Football League to introduce an innovative ticketing program using digital wallets and blockchain technology, starting with the Oregon BlackBears team. This program offers enhanced authentication and verification through NFT-PMs, providing control, flexibility, fraud prevention, and privacy protection for ticket holders.

HUMBL, Inc. (OTC: HMBL) has launched an updated HUMBL.com platform with enhanced features for consumers, corporations, and governments to communicate, interact, and transact. The platform is built on fully verified profiles and connected to a digital wallet and web platform, with search, marketplace, and social media functionality. The core goal is to improve the authenticity and quality of interactions and transactions on the web.