---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008273"
form_type: "8-K"
ticker: "RWAX"
cik: "0001119190"
company_name: "TAP REAL ESTATE TECHNOLOGIES, INC."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:09:31.654827+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HUMBL sells HUMBL Financial assets to Avrio for 10% equity stake and revenue share

## Summary
- Sold assets include BLOCK Indexes and BLOCK ETXs; received 1,920,000 Avrio Class A shares (10% stake).
- Consideration valued at $5M; also 2.5% net revenue share on sold assets for up to 5 years or until Avrio IPO.
- CEO Brian Foote gets a board seat at Avrio as part of the agreement.
- Revenue share terminates upon earlier of five years or Avrio's initial public offering.
- Avrio is a digital market infrastructure provider with ATS, public, private, and digital market technology.

## SEC filing metadata
- accession: 0001493152-24-008273
- form_type: 8-K
- ticker: RWAX
- cik: 0001119190
- company_name: TAP REAL ESTATE TECHNOLOGIES, INC.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: m_and_a
- 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/1119190/000149315224008273/0001493152-24-008273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1119190/000149315224008273/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008273
- JSON: https://secwatch.observer/filing/0001493152-24-008273.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008273.txt

## Key facts
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Purchase Agreement with Avrio Worldwide, PBC (effective 2024-02-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Avrio Worldwide, PBC
  - Effective: 2024-02-23
  source text: On February 23, 2024, HUMBL, Inc. (“HUMBL”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Avrio Worldwide, PBC (“Avrio”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315224008273/0001493152-24-008273-index.htm

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