HUMBL acquires BM Authentics sports merchandise business for $1.685M in stock and cash

TAP REAL ESTATE TECHNOLOGIES, INC.

Total purchase price $1,685,000: $110,000 cash and 90M restricted shares of HMBL common stock.
Initial 15M shares due within 30 days of Nov 2, 2022; remaining 75M shares due within 5 days of reverse split.
Sellers Brian Meltzer and Robin Burns agree to 3-year non-compete and confidentiality covenants.
Buyer assumes no liabilities; sellers indemnify for pre-closing product claims. Sellers granted repurchase right for $10 if HMBL bankrupt.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TAP REAL ESTATE TECHNOLOGIES, INC. entered into Asset Purchase Agreement with Brian Meltzer and Robin Burns valued at $1,685,000 (effective 2022-11-02).

Action: entry
Agreement: asset purchase
Counterparty: Brian Meltzer and Robin Burns
Value: $1,685,000
Effective: 2022-11-02

Exact text from the filing

On November 2, 2022, HUMBL, Inc. (“HUMBL”) entered into an Asset Purchase Agreement (the “APA”) with Brian Meltzer and Robin Burns. Under the terms of the APA, HUMBL will pay a total purchase price of $1,685,000

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TAP REAL ESTATE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-22-031011

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