---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037227"
form_type: "8-K"
ticker: "RWAX"
cik: "0001119190"
company_name: "TAP REAL ESTATE TECHNOLOGIES, INC."
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:50:32.149988+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HUMBL signs $2.04M Series C Preferred financing with Pacific Lion; first $300K received

## Summary
- Total $2.04M over 6 months: $300K/month Oct 2023–Mar 2024 plus extra $240K in Nov 2023.
- Series C Preferred converts automatically at 25% discount upon national exchange uplist within 2 years; no voting rights.
- 12-month lock-up/leak-out applies after uplist; prohibition on variable-rate financings with new investors.
- HUMBL retired over $20M in legacy debt in FY 2023; funds support operations through April 2024.
- CEO Brian Foote says financing positions company for Q4 2023 product launches and sales expansion.

## SEC filing metadata
- accession: 0001493152-23-037227
- form_type: 8-K
- ticker: RWAX
- cik: 0001119190
- company_name: TAP REAL ESTATE TECHNOLOGIES, INC.
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/0001493152-23-037227-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037227
- JSON: https://secwatch.observer/filing/0001493152-23-037227.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037227.txt

## Key facts
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Securities Purchase Agreement with Pacific Lion LLC valued at $300,000 in Series C Stock for each month from October 2023 through March 2024 (effective 2023-10-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Pacific Lion LLC
  - Value: $300,000 in Series C Stock for each month from October 2023 through March 2024
  - Effective: 2023-10-03
  source text: On October 3, 2023, the registrant, HUMBL, Inc. (“HUMBL”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Pacific Lion LLC (“Pacific Lion”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/0001493152-23-037227-index.htm
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Letter Agreement with Pacific Lion LLC (effective 2023-10-09).
  - Action: entry
  - Counterparty: Pacific Lion LLC
  - Effective: 2023-10-09
  source text: greement”) with Pacific Lion LLC (“Pacific Lion”). Pursuant to the Purchase Agreement, Pacific Lion agreed to purchase shares of to-be-created Series C Preferred Stock (“Series C Stock”) in accordance with a set funding schedule.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/0001493152-23-037227-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.