HUMBL, Inc. Announces Unwinding of Share Exchange Agreement with NUBURU, Inc.
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.
HUMBL Inc (OTC: HMBL) ha annunciato la rescissione reciproca del suo Accordo di Scambio Azionario e dell'Accordo di Distribuzione Master del valore di 2 milioni di dollari con NUBURU Inc. Questa decisione è in linea con la strategia di HUMBL di aumentare il valore per gli azionisti e limitare la diluizione in segmenti di business non core.
L'azienda sta reindirizzando la sua attenzione verso la sua nuova joint venture con MultiCortex, un'azienda di intelligenza artificiale con sede negli Stati Uniti e in Brasile, specializzata in informatica ad alte prestazioni e sistemi di inferenza avanzati. Il CEO Thiago Moura ha sottolineato che questo cambiamento strategico posiziona HUMBL all'incrocio della crescita dell'IA tra gli Stati Uniti e l'America Latina.
HUMBL Inc (OTC: HMBL) anunció la rescisión mutua de su Acuerdo de Intercambio de Acciones y Acuerdo de Distribución Maestra por un valor de 2 millones de dólares con NUBURU Inc. Esta decisión se alinea con la estrategia de HUMBL para aumentar el valor para los accionistas y limitar la dilución en segmentos de negocio no centrales.
La empresa está redirigiendo su enfoque hacia su nueva empresa conjunta con MultiCortex, una compañía de inteligencia artificial con sede en EE. UU. y Brasil, especializada en computación de alto rendimiento y sistemas de inferencia avanzados. El CEO Thiago Moura enfatizó que este cambio estratégico posiciona a HUMBL en la intersección del crecimiento de la IA entre EE. UU. y América Latina.
HUMBL Inc (OTC: HMBL)는 NUBURU Inc와의 200만 달러 규모의 주식 교환 계약 및 마스터 배급 계약의 상호 해지를 발표했습니다. 이 결정은 HUMBL의 주주 가치를 증대하고 비핵심 사업 부문에서의 희석을 제한하려는 전략과 일치합니다.
회사는 미국과 브라질에 본사를 둔 고성능 컴퓨팅 및 고급 추론 시스템을 전문으로 하는 인공지능 회사인 MultiCortex와의 새로 발표된 합작 투자에 초점을 맞추고 있습니다. CEO인 Thiago Moura는 이 전략적 전환이 HUMBL을 미국과 라틴 아메리카 간의 AI 성장의 교차점에 위치시키고 있다고 강조했습니다.
HUMBL Inc (OTC: HMBL) a annoncé la résiliation mutuelle de son Accord d'Échange d'Actions de 2 millions de dollars et de son Accord de Distribution Maître avec NUBURU Inc. Cette décision s'inscrit dans la stratégie de HUMBL visant à accroître la valeur pour les actionnaires et à limiter la dilution dans des segments d'activité non essentiels.
L'entreprise redirige son attention vers sa nouvelle coentreprise avec MultiCortex, une société d'intelligence artificielle basée aux États-Unis et au Brésil, spécialisée dans l'informatique haute performance et les systèmes d'inférence avancés. Le PDG Thiago Moura a souligné que ce changement stratégique positionne HUMBL à l'intersection de la croissance de l'IA entre les États-Unis et l'Amérique latine.
HUMBL Inc (OTC: HMBL) hat die gegenseitige Aufhebung seines 2-Millionen-Dollar-Aktienaustauschvertrags und des Mastervertriebsvertrags mit NUBURU Inc bekannt gegeben. Diese Entscheidung steht im Einklang mit der Strategie von HUMBL, den Aktionärswert zu steigern und die Verwässerung in nicht zum Kerngeschäft gehörenden Segmenten zu begrenzen.
Das Unternehmen lenkt seinen Fokus auf das neu angekündigte Joint Venture mit MultiCortex, einem in den USA und Brasilien ansässigen Unternehmen für künstliche Intelligenz, das auf Hochleistungsrechnen und fortschrittliche Inferenzsysteme spezialisiert ist. CEO Thiago Moura betonte, dass dieser strategische Wechsel HUMBL an die Schnittstelle des KI-Wachstums zwischen den USA und Lateinamerika positioniert.
- Strategic reduction of dilution risk by unwinding $2M share exchange agreement
- Focus shift to high-value AI venture in growing U.S.-Latin America market
- New strategic partnership with MultiCortex in AI and high-performance computing
- Termination of previously announced business agreement with NUBURU
- Exit from undisclosed business segment that was deemed non-core
San Diego, CA, April 10, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL), a U.S.-based holding company with a focus on technology, today announced the mutual unwinding of its previously announced
The decision was driven by HUMBL, Inc.’s strategic focus on enhancing shareholder value and limiting further dilution in non-core segments of its business. The company is now fully directing its efforts toward expanding its newly announced joint venture with MultiCortex, LLC, a U.S. and Brazilian-based artificial intelligence company focused on high-performance computing and advanced inference systems.
“We appreciated the early opportunities presented through the NUBURU initiative, but ultimately, our strategic roadmap is best served by focusing on long-term, high-value ventures like our joint venture with MultiCortex AI,” said Thiago Moura, CEO of HUMBL. “The MultiCortex AI joint venture has the potential to position HUMBL, Inc. at the intersection of AI growth between the U.S. and Latin America.”
The MultiCortex AI collaboration marks the latest addition to HUMBL, Inc.’s portfolio, aimed at creating more connected technology sales and development between the U.S. and Latin America.
About HUMBL, Inc.
HUMBL, Inc. is shifting toward a strategic holding company model under the leadership of CEO Thiago Moura, Principal of Ybyra Capital — a Brazilian holding company with diversified investments, such as commodities and mining.
The company’s unique structure enables it to create two-way distribution pipelines throughout the United States and Latin America, leveraging Ybyra Capital’s established regional presence to offer strategic partners immediate access to high-growth markets.
The company most recently announced a joint venture with a U.S. and Brazilian-based Artificial Intelligence (AI) company. MULTICORTEX | HPC FOR AI
HUMBL, Inc. (OTC: HMBL)
Investor Relations: IR@humbl.com
Media Contact: Media@humbl.com
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included herein are forward-looking statements. These forward-looking statements are identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict,” “potential,” “continue,” “may,” “will,” “could,” and similar expressions. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed in such statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the ability to achieve the anticipated benefits of the joint venture, competitive conditions, and general market dynamics. HUMBL, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
FAQ
Why did HUMBL (HMBL) unwind its agreement with NUBURU in April 2025?
What is the value of the HMBL-NUBURU agreement being terminated?
What is HUMBL's new strategic focus after ending the NUBURU partnership?
How does the MultiCortex partnership benefit HMBL's market position?
