debt
confidence high
sentiment negative
materiality 0.70
HUMBL raises $500K via convertible note at 65% discount; appoints CEO Hopkins as Chairman
TAP REAL ESTATE TECHNOLOGIES, INC.
- Issued $550K convertible note ($500K net) to H-Cap Investments, 10% OID, 10% interest, 12-month maturity.
- Conversion price = 65% of lowest closing trade price in 10 prior trading days, highly dilutive.
- Entered into 90-day royalty-free license with TAP for real estate tokenization tech; parties to negotiate longer term.
- Appointed CEO Gregory Hopkins as Chairman and board member, filling vacancy from Thiago Moura.