secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001493152-23-037227
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/0001493152-23-037227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315223037227/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-037227

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