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HUMBL Inc (HMBL) is a global payments, asset management, and digital asset company. They aim to provide high-quality financial services to consumers worldwide, specializing in mobile payments and blockchain technology.
Through strategic partnerships and innovative solutions, HUMBL offers a seamless experience for users to manage their assets efficiently. With a focus on transparency and security, the company is committed to revolutionizing the financial industry.
Their recent achievements include the development of a blockchain ticketing system, offering reduced fees and enhanced authentication for ticket purchases. HUMBL's collaboration with AVRIO Worldwide PBC and Arkonis Capital, LLC further strengthens their position in the market, ensuring a robust and reliable platform for financial transactions.
HUMBL, Inc. (OTCQB: HMBL) announced the spin-off of Tickeri, Inc. on February 10, 2023, aiming to refocus efforts on its core technologies. This strategic decision allows HUMBL to reduce its debt by over $10 million and to streamline its operations by eliminating operating expenses associated with Tickeri. The divestiture is expected to enhance shareholder equity and support HUMBL's growth objectives, including plans to uplist to a major exchange. CEO Brian Foote emphasized the move will allow for greater investment in their Web 3 platform, enabling more efficient capital allocation and reducing reliance on dilutive financing.
HUMBL announced an Equity Financing Agreement with GHS Investments, allowing the purchase of up to $20 million of HUMBL common stock. The company can initiate purchases at a 20% discount based on the average of the three lowest closing prices over the past 10 trading days. Post-uplist to Nasdaq, the discount reduces to 10%. Each put notice may not exceed $500,000 or 200% of the average daily trading volume. Further details are available in HUMBL’s 8-K filing.
HUMBL (OTCQB: HMBL) has launched a digital collectibles NFT program in partnership with the Rugby League Samoa Alliance. Fans can now collect unique NFTs of their favorite Samoa players in their HUMBL wallets, which can also be linked to various merchandise and experiences. The NFTs will be verified by BLOCKS and authenticated on the BLOCKS Registry, ensuring lifetime tracking. The partnership aims to enhance digital fan engagement and boost support for grassroots programs, while HUMBL continues to explore innovative solutions in the sports and entertainment sectors.
HUMBL announced the acquisition of BM Authentics, a provider of sports merchandise, to enhance its product offerings. The deal involved 90 million shares of HUMBL stock and $110,000 in cash. This strategic move aims to integrate verified sports memorabilia into the HUMBL platform, utilizing blockchain for authentication and tracking. Brian Meltzer from BM Authentics joins HUMBL as Vice President, Sales and Revenue, emphasizing the importance of combating fraud in the collectibles market. The acquisition aligns with HUMBL's goal to drive product sales and revenues through innovative technology.
HUMBL, Inc. (OTC Markets: HMBL) has announced a strategic technology partnership with Great Foods2Go (GF2GO) in San Diego, aimed at enhancing technology solutions for cloud kitchens and delivery services. The collaboration will integrate HUMBL’s technologies, including Wallet and Pay, to support GF2GO and its sub-brand 1Delivery. The partnership will initially focus on a cloud kitchen location that currently handles over 2,000 food orders monthly across 30 virtual brands. This location will serve as a testing ground for the best technology mix to optimize delivery services, with plans for future expansion.
HUMBL CEO Brian Foote has retired an additional 45,000 Series B Preferred Stock shares, equating to 450,000,000 common shares, enhancing efforts to reduce shareholder dilution. This retirement adds to a total of approximately 774,917,333 common shares retired at his personal expense. The market value of this latest action is around $13,500,000. Foote stated the move supports HUMBL's fundraising and acquisitions strategies.
HUMBL, Inc. has announced the termination of its Securities Exchange Agreement to acquire Agora Digital Holdings, Inc., a subsidiary of Ecoark, due to failure to agree on key terms. The transaction, initially valued at $60 million in preferred stock, could not meet closing conditions despite diligent efforts. Additionally, HUMBL accepted the resignation of Brad Hoagland from its Board of Directors. The company continues to seek viable merger and acquisition opportunities and remains active in partnerships across notable sports organizations.
HUMBL has signed a definitive agreement to acquire Agora Digital Holdings, a blockchain technology firm specializing in Bitcoin mining, as part of its strategy to uplist to a national exchange. The acquisition is contingent upon Ecoark Holdings securing $10 million in funding for HUMBL. Agora Digital's owners will receive $60 million in preferred stock. This acquisition enhances HUMBL's capabilities in digital asset mining and leverages Agora's established infrastructure and management experience for future growth.
HUMBL announces the launch of a 3D brand metaverse store, 'House of Hayes', featuring MLB player Ke’Bryan Hayes and his father, Charlie Hayes. The store will be accessible on desktop and interactive headsets, allowing fans to engage with the Hayes family's baseball careers and shop for endorsed products. Customers can earn limited 'Into the Metaverse' NFTs by connecting to the HUMBL Wallet. The store is currently in beta and aims to open before the end of the MLB 2022 regular season, marking HUMBL's commitment to becoming a leader in Web 3 Commerce.
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