HUMBL sells Monster Creative interest and issues warrant to cancel $338K note and reduce convertible note by $1M

TAP REAL ESTATE TECHNOLOGIES, INC.

Sold 100% membership interest in Monster Creative to Phantom Power, LLC.
Phantom Power cancelled Promissory Note (balance ~$338K) and reduced Convertible Note by $1M to ~$2.3M.
Issued a 5-year warrant to purchase shares at $0.05 per share with cashless exercise.
The transaction reduces total debt by approximately $1.338M.

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 Securities Purchase Agreement with Phantom Power, LLC (effective 2023-06-30).

Action: entry
Agreement: asset purchase
Counterparty: Phantom Power, LLC
Effective: 2023-06-30

Exact text from the filing

On June 30, 2023, HUMBL, Inc. (“HUMBL”) entered into a Securities Purchase Agreement (“Purchase Agreement”) with Phantom Power, LLC (“Phantom Power”).

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TAP REAL ESTATE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-024045

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