HUMBL raises $375k via convertible notes and warrants with high dilution potential

TAP REAL ESTATE TECHNOLOGIES, INC.

Issued three $125k convertible promissory notes to three investors, raising $375k.
Notes bear 10% interest, due in 12 months; convertible at lowest closing price in 10 days post-issuance.
Warrants to purchase 187.5M common shares at $0.002/share, exercisable for 5 years with cashless exercise.
Securities sold in unregistered private placement exempt under Section 4(a)(2) of the Securities Act.
Conversion price based on future trading price introduces significant potential dilution for existing shareholders.

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 Agreements with three different investors valued at total purchase price of $375,000.00 (effective 2023-07-26).

Action: entry
Agreement: equity purchase
Counterparty: three different investors
Value: total purchase price of $375,000.00
Effective: 2023-07-26

Exact text from the filing

On July 26, 2023, HUMBL, Inc. (“HUMBL”) entered into Securities Purchase Agreements with three different investors (the “Purchase Agreements”).

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TAP REAL ESTATE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-026329

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