secwatch.observer — SEC 8-K summary
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Issuer:     TAP REAL ESTATE TECHNOLOGIES, INC. (RWAX)
CIK:        0001119190
Form:       8-K
Filed at:   2025-12-31T23:59:59+00:00
Accession:  0001493152-25-029799
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/0001493152-25-029799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1119190/000149315225029799/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-029799

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