secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001493152-24-048448
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HUMBL acquires FinCapital for $20M stock, sells all assets to WSCG; Ybyrá gains control
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315224048448/0001493152-24-048448-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315224048448/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048448

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