HUMBL, Inc. Announces Completion of Asset Purchase Agreement
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) ha completato il suo Accordo di Acquisto di Attività con WSCG Inc, ricevendo un pagamento finale in contante di $2.000.000. La transazione prevede l'acquisizione da parte di WSCG del marchio di consumo di HUMBL, delle linee di prodotto e della proprietà intellettuale brevettata.
Come parte dell'accordo, HUMBL mantiene una partecipazione azionaria in WSCG. Questa transazione segna la trasformazione strategica di HUMBL in una holding, con un focus su joint venture ad alto valore, fusioni, acquisizioni e distribuzione delle vendite tra gli Stati Uniti e l'America Latina.
HUMBL Inc (OTC: HMBL) ha completado su Acuerdo de Compra de Activos con WSCG Inc, recibiendo un pago final en efectivo de $2,000,000. La transacción implica la adquisición por parte de WSCG de la marca de consumo de HUMBL, sus líneas de productos y la propiedad intelectual patentada.
Como parte del acuerdo, HUMBL mantiene una participación en el capital de WSCG. Esta transacción marca la transformación estratégica de HUMBL en una empresa holding, con un enfoque en joint ventures de alto valor, fusiones, adquisiciones y distribución de ventas entre los Estados Unidos y América Latina.
HUMBL Inc (OTC: HMBL)는 WSCG Inc와의 자산 매매 계약을 완료하고 최종 현금 지급액 $2,000,000을 받았습니다. 이 거래는 WSCG가 HUMBL의 소비자 브랜드, 제품 라인 및 특허 지적 재산을 인수하는 내용을 포함합니다.
계약의 일환으로 HUMBL은 WSCG에 대한 지분을 유지합니다. 이 거래는 HUMBL이 고부가가치 합작 투자, 인수 합병 및 미국과 라틴 아메리카 간의 판매 유통에 초점을 맞춘 지주 회사로의 전략적 변화를 나타냅니다.
HUMBL Inc (OTC: HMBL) a finalisé son Accord d'Achat d'Actifs avec WSCG Inc, recevant un paiement final en espèces de $2.000.000. La transaction concerne l'acquisition par WSCG de la marque de consommation de HUMBL, de ses gammes de produits et de sa propriété intellectuelle brevetée.
Dans le cadre de l'accord, HUMBL conserve une participation dans WSCG. Cette transaction marque la transformation stratégique de HUMBL en société holding, avec un accent sur des coentreprises de grande valeur, des fusions, des acquisitions et la distribution des ventes entre les États-Unis et l'Amérique latine.
HUMBL Inc (OTC: HMBL) hat seine Vermögensübertragungsvereinbarung mit WSCG Inc abgeschlossen und eine endgültige Barzahlung von $2.000.000 erhalten. Die Transaktion umfasst die Übernahme der Verbraucher-Marke, Produktlinien und patentierten geistigen Eigentumsrechte von HUMBL durch WSCG.
Im Rahmen des Vertrags behält HUMBL eine Beteiligung an WSCG. Diese Transaktion markiert HUMBLs strategische Transformation in eine Holdinggesellschaft, die sich auf wertvolle Joint Ventures, Fusionen, Übernahmen und Vertriebsverkäufe zwischen den Vereinigten Staaten und Lateinamerika konzentriert.
- Received $2,000,000 cash payment from asset sale
- Retained equity interest in WSCG Inc
- Strategic repositioning as a holding company
- Divestment of core consumer brand and product lines
- Loss of patented intellectual property ownership
Salt Lake City, Utah, April 01, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) and WSCG, Inc., are pleased to announce the successful completion of their previously announced Asset Purchase Agreement.
The transaction included a final cash payment by WSCG, Inc. of
As part of the agreement, WSCG, Inc. has finalized the acquisition of certain HUMBL, Inc. assets such as the “HUMBL” consumer brand, product lines and patented intellectual property. The public company also retains an equity interest in WSCG, Inc.
With this step-transaction finalized, the public company of HUMBL, Inc. continues to transform itself into a strategic holding company, focused on high-value joint ventures, mergers, acquisitions and sales distribution between the U.S. and Latin America.
About HUMBL, Inc.
HUMBL, Inc. is moving into a shareholder value-centric approach under the new leadership of CEO Thiago Moura - Principal of Ybyra Capital - a Brazilian holding company with diversified investments in real estate, commodities, and mining.
The company’s unique structure enables it to create two-way distribution pipelines throughout the U.S. and Latin America, leveraging Ybyra Capital’s established regional presence to offer strategic partners immediate access to these high-value markets.
About WSCG, Inc.
WSCG, Inc. is a private technology company headquartered in Salt Lake City, Utah, focused on the development of Web3 technologies such as digital wallets and the blockchain tokenization of real world assets.
HUMBL, Inc. (OTC: HMBL)
Investor Relations: ir@humbl.com
Media Contact: media@humbl.com
FAQ
How much did WSCG pay HUMBL (HMBL) in the final payment of the Asset Purchase Agreement?
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