debt
confidence high
sentiment positive
materiality 0.55
HUMBL issues $550K convertible note to Quail Hollow Capital; net proceeds $500K
TAP REAL ESTATE TECHNOLOGIES, INC.
- Issued $550,000 convertible promissory note to Quail Hollow Capital at $500,000 purchase price (10% discount).
- Note matures in 12 months, interest 10%; conversion price lower of $0.0006 or 70% of lowest closing trade in prior 10 days.
- Proceeds to fund public company costs (audits, accounting, legal, compliance) and support North American/Latin American expansion.
- CEO Thiago Moura states investment reflects confidence; company focused on reducing burn rate, achieving profitability, uplisting.