M&A
confidence high
sentiment neutral
materiality 0.85
HUMBL acquires FinCapital for $20M stock, sells all assets to WSCG; Ybyrá gains control
TAP REAL ESTATE TECHNOLOGIES, INC.
- Acquires 99% of FinCapital (owns $20M magnesium silicate) for $20M in common shares; 10B shares issued at $0.0004/sh initially, rest post-recap.
- Sells all assets to WSCG for $3.025M cash, 2.455M WSCG Class B shares, and 24.556M HoldCo units (27.5% of WSCG equity valued ~$17M).
- Brian Foote sells 7M Series A and 100K Series D preferred (control shares) to Ybyrá for $50K promissory note; Ybyrá becomes controlling stockholder.
- WSCG principals must transfer at least $45M real estate to WSCG within 60 days.
- $2M of cash purchase price due by Dec 31, 2024 with 90-day grace; $500K prepaid and $525K debt cancelled.