HUMBL, Inc. announced that it expects to receive $2.04 million in funding
October 10, 2023
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HUMBL, Inc. announced hat it has entered into a securities purchase agreement to issue class C preferred stock for the gross proceeds of $2,040,000 on October 11, 2023. The shares will have no conversion into common shares for two years; and then automatic conversion at a 25% discount if listed on a national exchange. The transaction will include participation from new investor, Pacific Lion, LLC. The transaction is expected to close in next 6 months.
On the same date, the company raised $300,000 in its first tranche closing.
HUMBL, Inc. is a Web 3, digital commerce company, which connects consumers, businesses and governments in the digital economy. The Company provides tools and packaging for technologies, such as blockchain. It is built on a patent-pending, decentralized technology stack that utilizes both core and partner technologies, to provide connections to the digital economy and each other. The Company is organized into two divisions: HUMBL Consumer and HUMBL Commercial. It delivers a digital wallet and Website as its core services. Its services include HUMBL Wallet, HUMBL.com-Website and HUMBL Commercial Services. The HUMBL Wallet consolidates a variety of services for customers in one place and helps it to verify customers and merchants. The HUMBL Wallet is available for download on app stores. HUMBL Website consists of HUMBL Search Engine, HUMBL Tickets, HUMBL Marketplace, HUMBL Social Media and HUMBL Metaverse Stores. HUMBL is the Official Technology Platform of the Arena Football League.
HUMBL, INC. 
