Latest news with #HUMBL
Globe and Mail
01-04-2025
- Business
- Globe and Mail
HUMBL, Inc. Announces Completion of Asset Purchase Agreement
Salt Lake City, Utah, April 01, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) and WSCG, Inc., are pleased to announce the successful completion of their previously announced Asset Purchase Agreement. The transaction included a final cash payment by WSCG, Inc. of $2,000,000 to HUMBL, Inc., which has now been made in accordance with the terms of the agreement. As part of the agreement, WSCG, Inc. has finalized the acquisition of certain HUMBL, Inc. assets such as the 'HUMBL' consumer brand, product lines and patented intellectual property. The public company also retains an equity interest in WSCG, Inc. With this step-transaction finalized, the public company of HUMBL, Inc. continues to transform itself into a strategic holding company, focused on high-value joint ventures, mergers, acquisitions and sales distribution between the U.S. and Latin America. About HUMBL, Inc. HUMBL, Inc. is moving into a shareholder value-centric approach under the new leadership of CEO Thiago Moura - Principal of Ybyra Capital - a Brazilian holding company with diversified investments in real estate, commodities, and mining. The company's unique structure enables it to create two-way distribution pipelines throughout the U.S. and Latin America, leveraging Ybyra Capital's established regional presence to offer strategic partners immediate access to these high-value markets. About WSCG, Inc. WSCG, Inc. is a private technology company headquartered in Salt Lake City, Utah, focused on the development of Web3 technologies such as digital wallets and the blockchain tokenization of real world assets.
Yahoo
18-03-2025
- Business
- Yahoo
HUMBL, Inc. Secures $500,000 in Strategic Investment From Quail Hollow Capital, LLC
San Diego, CA, March 18, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) (the 'Company') is pleased to announce a strategic investment from Quail Hollow Capital, LLC, marking a key step in the Company's efforts to strengthen its financial position and drive future growth. Quail Hollow Capital has invested $500,000 in the Company through the purchase of a Convertible Promissory Note, providing capital to support key business initiatives and operations. This investment reflects strong confidence in the Company's strategic direction as it continues to expand its holding company activities in the North American and Latin American markets. 'Quail Hollow's investment will support critical public company operating costs, including audits, accounting, legal, and compliance,' said Thiago Moura, CEO of HUMBL, Inc. 'Additionally, this capital allows for strategic growth and sales expansion between our North American and Latin American operations.' The Company has significantly lowered its burn rate, reduced debt and remains highly focused on driving revenues, achieving profitability, and uplisting to a senior exchange. The Company is committed to responsible financial management and long-term shareholder value creation. About HUMBL, Inc. HUMBL, Inc. has transformed into a strategic holding company, operating with a business model centered on high-value joint ventures, mergers, acquisitions, and sales distribution agreements. The company is focused on bridging North American and Latin American markets, leveraging its access to physical assets and distribution networks to create immediate economic opportunities. Following the divestiture of its technology assets, HUMBL, Inc. has shifted to a shareholder value-driven approach under the leadership of CEO Thiago Moura, principal of Ybyra Capital, a Brazilian holding company with diversified investments in real estate, commodities and mining. By leveraging Ybyra Capital's established presence in Latin America, HUMBL, Inc. is uniquely positioned to provide strategic partners with direct market access and growth opportunities. About Quail Hollow Capital, LLC Quail Hollow Capital is a Texas-based investment firm specializing in strategic growth investments across various industries. The firm partners with high-potential companies to provide capital and expertise that drive long-term value creation. HUMBL, Inc. (OTC: HMBL)Investor Relations: ir@ Contact: media@ in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
HUMBL, Inc. Announces $2 Million Share Exchange Agreement and Strategic Partnership With NUBURU, Inc. to Accelerate Growth and Shareholder Value
San Diego, CA, Feb. 28, 2025 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC: HMBL) announced the execution of a $2,000,000 Equity Swap Agreement and strategic partnership with NUBURU, Inc. (NYSE: BURU) designed to accelerate both companies' growth strategies and deliver immediate value to shareholders. Transaction Details Under the terms of the Equity Swap Agreement: NUBURU will issue $2,000,000 in common stock to HUMBL (subject to applicable exchange cap, stockholder approval, and registration requirements); and HUMBL will issue an equal dollar amount of Series C Preferred Stock to NUBURU. Following satisfaction of any required stockholder or regulatory approvals and registration requirements, it is anticipated that 70% of the shares of NUBURU will be distributed to the stockholders of HUMBL as a dividend. The issuance of the shares by both parties is contingent upon both parties obtaining any required regulatory or stockholder approval and satisfying any applicable registration requirements. The companies have also entered into a Master Distribution Agreement, appointing HUMBL as the exclusive distributor in Brazil for both NUBURU's existing business and its recently announced defense and security portfolio companies. The parties may also negotiate in the future performance-based incentives that would allow HUMBL to expand its exclusivity to all of Latin America upon achieving certain revenue and market penetration targets. Strategic Alignment for Accelerated Growth 'This partnership represents the convergence of two companies with newly transformed business models and leadership teams," said Thiago Moura, CEO of HUMBL, Inc. 'NUBURU, under its new management team, is expanding its business within its defense and security portfolio into new markets. HUMBL, having divested its Web3 assets and transformed into a Berkshire-inspired holding company in partnership with Ybyra Capital, is now executing a shareholder-centric strategy focused on cross-border strategic partnerships and value creation.' Alessandro Zamboni, Executive Chairman of NUBURU, Inc., stated: 'This partnership with HUMBL provides NUBURU shareholders with dual benefits – exclusive distribution in Brazil's robust market with potential for all of Latin America, and exposure to HUMBL and Ybyra Capital's extensive regional network. Our entirely new management team is focused on rapid expansion, and this partnership enables us to leverage HUMBL and Ybyra's established presence in Brazil to accelerate the deployment of our defense and security portfolio." The alliance builds on NUBURU's established track record of technological excellence and HUMBL's revitalized presence in emerging markets, bolstered by Ybyra's regional expertise and substantial real assets. About HUMBL, Inc. (OTC: HMBL) HUMBL, Inc. has transformed into a strategic holding company, operating with a business model focused on high-value joint ventures, mergers, acquisitions, and progressive economic structures. Following the divestiture of its Web3 technology assets, HUMBL has pivoted to a shareholder value-centric approach under the leadership of CEO Thiago Moura, principal of Ybyra Capital—a Brazilian holding company with diversified investments in real estate, commodities, and mining. The company's unique structure enables it to create two-way distribution pipelines throughout Brazil and Latin America, leveraging Ybyra Capital's established regional presence to offer strategic partners immediate access to these valuable markets. About NUBURU, Inc. (NYSE: BURU) NUBURU, Inc. was founded in 2015 as a developer and manufacturer of industrial blue laser technology that is transforming the speed and quality of laser-based manufacturing. Under its new management team led by Executive Chairman Alessandro Zamboni, NUBURU is executing a comprehensive growth and diversification strategy, expanding into complementary domains such as defense-tech, security, and operational resilience solutions. Headquartered in Centennial, Colorado, NUBURU is leveraging strategic partnerships and acquisitions to accelerate growth in high-value sectors. For more information, visit Investor and Media Contacts NUBURU, Inc. (NYSE: BURU)Investor Relations: Contact: press@ HUMBL, Inc. (OTC: HMBL)Investor Relations: ri@ Contact: media@ Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include descriptions of the future strategic plans and growth expectations for HUMBL, including the potential benefits of their partnership, anticipated market expansions, and any statements regarding potential uplisting or future exchange listings. Words such as "anticipate," "believe," "potential," "continue," "expect," "intend," "plan," "may," "will," "could," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current information and expectations, and actual results may differ materially due to various risks and uncertainties. Such factors include, but are not limited to, the ability of HUMBL to successfully collaborate and realize the expected synergies of the partnership, market acceptance of new initiatives, regulatory approvals and compliance related to registration, exchange listings, economic conditions in the industries in which they operate, and general market volatility. HUMBL disclaims any obligation to update or revise any forward-looking statements in this release, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
Yahoo
28-02-2025
- Business
- Yahoo
NUBURU, Inc. and HUMBL, Inc. Announce $2 Million Share Exchange Agreement and Strategic Partnership to Accelerate Growth and Shareholder Value
CENTENNIAL, Colo. & SAN DIEGO, February 28, 2025--(BUSINESS WIRE)--NUBURU, Inc. (NYSE: BURU, the "Company"), a leading innovator in high-power blue laser technology, and HUMBL, Inc. (OTC: HMBL), a strategic holding company with focus in Brazil, today announced the execution of a $2 million Equity Swap Agreement and strategic partnership designed to accelerate both companies' growth strategies and deliver immediate value to shareholders. Transaction Details Under the terms of the Equity Swap Agreement: NUBURU will issue $2 million in common stock to HUMBL (subject to applicable exchange cap, stockholder approval, and registration requirements); and HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU Following satisfaction of any required stockholder or regulatory approvals and registration requirements, it is anticipated that 70% of the shares of NUBURU will be distributed to the stockholders of HUMBL as a dividend. The issuance of the shares by both parties is contingent upon both parties obtaining any required regulatory or stockholder approval and satisfying any applicable registration requirements. The companies have also entered into a Master Distribution Agreement, appointing HUMBL as the exclusive distributor in Brazil for both NUBURU's existing business and its recently announced Defense and Security Portfolio Companies. The parties may also negotiate in the future performance-based incentives that would allow HUMBL to expand its exclusivity to all of Latin America upon achieving certain revenue and market penetration targets. Strategic Alignment for Accelerated Growth "This partnership represents the convergence of two companies with newly transformed business models and leadership teams," said Thiago Moura, CEO of HUMBL, Inc. "NUBURU, under its new management team, is expanding its business within its Defense and Security portfolio into new markets. HUMBL, having divested its Web3 assets and transformed into a Berkshire-inspired holding company in partnership with Ybyra Capital, is now executing a shareholder-centric strategy focused on cross-border strategic partnerships and value creation." Alessandro Zamboni, Executive Chairman of NUBURU, Inc., stated: "This partnership with HUMBL provides NUBURU shareholders with dual benefits – exclusive distribution in Brazil's robust market with potential for all of Latin America, and exposure to HUMBL and Ybyra Capital's extensive regional network," said Alessandro Zamboni, Executive Chairman of NUBURU. "Our entirely new management team is focused on rapid expansion, and this partnership enables us to leverage HUMBL and Ybyra's established presence in Brazil to accelerate the deployment of our Defense and Security portfolio." The alliance builds on NUBURU's established track record of technological excellence and HUMBL's revitalized presence in emerging markets, bolstered by Ybyra's regional expertise and substantial real assets. Important Information and Where to Find It This press release relates to a proposed transaction and does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In connection with the transaction described herein, the Company intends to file relevant materials with the SEC, including a proxy statement. The proxy statement will be sent to all stockholders. Before making any voting or investment decision, stockholders are urged to read the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Stockholders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the SEC through the website maintained by the SEC at or by directing a request to the Company. Participants in the Solicitation The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the proposed transaction. A list of the names of such directors and executive officers, information regarding their interests in the transaction and their ownership of the Company's securities are, or will be, contained in the Company's filings with the SEC. About NUBURU, Inc. (NYSE: BURU) NUBURU, Inc. was founded in 2015 as a developer and manufacturer of industrial blue laser technology that is transforming the speed and quality of laser-based manufacturing. Under its new management team led by Executive Chairman Alessandro Zamboni, NUBURU is executing a comprehensive growth and diversification strategy, expanding into complementary domains such as defense-tech, security, and operational resilience solutions. Headquartered in Centennial, Colorado, NUBURU is leveraging strategic partnerships and acquisitions to accelerate growth in high-value sectors. For more information, visit About HUMBL, Inc. (OTC: HMBL) HUMBL, Inc. has transformed into a strategic holding company, operating with a Berkshire Hathaway-inspired model focused on high-value joint ventures, mergers, acquisitions, and progressive economic structures. Following the divestiture of its Web3 technology assets, HUMBL has pivoted to a shareholder value-centric approach under the leadership of CEO Thiago Moura, principal of Ybyra Capital—a Brazilian holding company with diversified investments in real estate, commodities, and mining. The company's unique structure enables it to create two-way distribution pipelines throughout Brazil and Latin America, leveraging Ybyra Capital's established regional presence to offer strategic partners immediate access to these valuable markets. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include descriptions of the future strategic plans and growth expectations for NUBURU and HUMBL, including the potential benefits of their partnership, anticipated market expansions, and any statements regarding potential uplisting or future exchange listings. Words such as "anticipate," "believe," "potential," "continue," "expect," "intend," "plan," "may," "will," "could," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current information and expectations, and actual results may differ materially due to various risks and uncertainties. Such factors include, but are not limited to, the ability of NUBURU and HUMBL to successfully collaborate and realize the expected synergies of the partnership, market acceptance of new initiatives, regulatory approvals and compliance related to registration, exchange listings, economic conditions in the industries in which they operate, and general market volatility. Both NUBURU and HUMBL disclaim any obligation to update or revise any forward-looking statements in this release, except as required by law. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. View source version on Contacts Investor and Media Contacts NUBURU, Inc. (NYSE: BURU)Investor Relations: Media Contact: press@ Website: HUMBL, Inc. (OTC: HMBL)Investor Relations: ri@ Media Contact: media@ Website:
