secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2022-08-16T23:59:59+00:00
Accession:  0001493152-22-023240
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HUMBL to acquire Agora Digital via $60M Series C preferred stock exchange
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- Exchange 6,000 Series C preferred shares (stated value $60M) for all Agora Digital shares and a $5.4M promissory note from Ecoark.
- Closing conditions: HUMBL needs $10M+ capital commitments; Agora Digital must have $1M+ cash at closing.
- Series C convertible into 1 billion common shares at $0.06/share; Ecoark gets 4,876 of the 6,000 preferred shares.
- Agora Digital shareholders receive 585 shares; Ecoark receives 539 shares for cancelling the note.
- Deal can be terminated if conditions not met by Sept 30, 2022; Agora Digital gets two board seats on expanded seven-member board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315222023240/0001493152-22-023240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315222023240/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023240

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