---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-029799"
form_type: "8-K"
ticker: "RWAX"
cik: "0001119190"
company_name: "TAP REAL ESTATE TECHNOLOGIES, INC."
filed_at: "2025-12-31T23:59:59+00:00"
generated_at: "2026-05-16T11:52:48.657548+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HUMBL raises $500K via convertible note at 65% discount; appoints CEO Hopkins as Chairman

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-029799
- form_type: 8-K
- ticker: RWAX
- cik: 0001119190
- company_name: TAP REAL ESTATE TECHNOLOGIES, INC.
- filed_at: 2025-12-31T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/0001493152-25-029799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-029799
- JSON: https://secwatch.observer/filing/0001493152-25-029799.json
- Plain text: https://secwatch.observer/filing/0001493152-25-029799.txt

## Key facts
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into License Agreement with TAP, Inc. (effective 2025-12-30).
  - Action: entry
  - Agreement: license
  - Counterparty: TAP, Inc.
  - Effective: 2025-12-30
  source text: ecember 30, 2025, the Company entered into a License Agreement (the “License Agreement”) with TAP, Inc. (“TAP”). Pursuant to the License Agreement, the Company licensed from TAP the right to use TAP’s technology platform for use in the vertical
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/0001493152-25-029799-index.htm
- Material Agreements
  TAP REAL ESTATE TECHNOLOGIES, INC. entered into Convertible Promissory Note with H-Cap Investments, LLC valued at $550,000 Convertible Promissory Note (effective 2025-12-29).
  - Action: entry
  - Counterparty: H-Cap Investments, LLC
  - Value: $550,000 Convertible Promissory Note
  - Effective: 2025-12-29
  source text: On December 29, 2025, HUMBL, Inc. (the “Company”) issued a $550,000 Convertible Promissory Note (the “Note”) to H-Cap Investments, LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/0001493152-25-029799-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.