secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001493152-23-025122
Event type: litigation
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HUMBL settles BizSecure dispute by issuing 127M restricted shares; S-1 registration required
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- Issued 127M restricted shares to BizSecure on July 14, 2023; must file S-1 registration within 60 days.
- Share value floor set at $0.0030; if price falls below, company must issue extra shares or pay cash equivalent.
- Mutual release of all claims related to the February 2022 asset purchase agreement.
- Non-compete and confidentiality provisions modified; BizSecure can repurchase assets for $1 if HUMBL bankrupt or ceases operations.
- Company to transfer Vibe Board Pro 75 and reimburse BizSecure's legal fees within 30 days of invoice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223025122/0001493152-23-025122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223025122/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-025122

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