The Company has received the first monthly installment of
Key features of the new Class
- No conversion into common shares for two years;
- Automatic conversion at a 25% discount if listed on a national exchange; and
- Prohibition on variable discount rate financings with any new investors.
To mitigate shareholder dilution, a 12-month lock-up / leak-out agreement will be implemented for Class
In FY 2023, the Company has retired over
The Company expects this funding to support its operational and development needs through the beginning of
"This enhanced financing partnership with Pacific Lion not only provides
About
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control. Except as may be required by law,
Company Information
Email: PR@HUMBL.com
Website: HUMBL.com
Investor Relations
Contact:
Phone: 512-267-2430
Email: SSmith@SmallCapVoice.com
Contact:
Email: kgray@smallcapvoice.com
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