secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001493152-23-003588
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HUMBL returns Tickeri to sellers after defaulting on $5M notes; shares issued
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- HUMBL transferred Tickeri to sellers after defaulting on $5M promissory notes from 2021 acquisition.
- Notes cancelled with all accrued interest and penalties; parties grant mutual release.
- Sellers receive 4,672,897 restricted shares each plus 2,716,828 delayed shares per seller.
- Company retains no ownership in Tickeri; all IP and assets transferred to sellers.
- Settlement resolves all claims; Tickeri is no longer a subsidiary of HUMBL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223003588/0001493152-23-003588-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223003588/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-003588

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer