secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001493152-23-026329
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223026329/0001493152-23-026329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223026329/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-026329

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