secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001493152-25-010769
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HUMBL issues $550K convertible note to Quail Hollow Capital; net proceeds $500K
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315225010769/0001493152-25-010769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315225010769/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-010769

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