HUMBL, Inc. Files 8-K with Material Agreement Details
Ticker: RWAX · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1119190
| Field | Detail |
|---|---|
| Company | Humbl, Inc. (RWAX) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $20,000,000, $4,000,000, $0.0004, $16,000,000, $3,025,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing-update
TL;DR
HUMBL filed an 8-K on Dec 2nd for a material agreement, check it out.
AI Summary
On December 2, 2024, HUMBL, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits, with the report being filed as of December 3, 2024. The company was formerly known as Tesoro Enterprises, Inc., Tesoro Distributors, Inc., and IWT TESORO CORP.
Why It Matters
This 8-K filing indicates a significant new agreement for HUMBL, Inc., which could impact its business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood by the market.
Key Players & Entities
- HUMBL, INC. (company) — Registrant
- Tesoro Enterprises, Inc. (company) — Former Company Name
- Tesoro Distributors, Inc. (company) — Former Company Name
- IWT TESORO CORP (company) — Former Company Name
- December 2, 2024 (date) — Date of earliest event reported
- December 3, 2024 (date) — Filing Date
FAQ
What is the nature of the material definitive agreement filed by HUMBL, Inc.?
The 8-K filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on December 2, 2024.
What is HUMBL, Inc.'s state of incorporation?
HUMBL, Inc. is incorporated in Delaware.
What were some of HUMBL, Inc.'s former company names?
HUMBL, Inc. was formerly known as Tesoro Enterprises, Inc., Tesoro Distributors, Inc., and IWT TESORO CORP.
What is the principal executive office address for HUMBL, Inc.?
The principal executive office address for HUMBL, Inc. is 101 W. Broadway, Suite 1450, San Diego, CA 92101.
Filing Stats: 997 words · 4 min read · ~3 pages · Grade level 9.6 · Accepted 2024-12-03 10:42:45
Key Financial Figures
- $20,000,000 — w a 99% owned subsidiary of HUMBL, owns $20,000,000 in magnesium silicate, a raw material u
- $4,000,000 — Capital equity interest. HUMBL will pay $4,000,000 of the purchase price through the issua
- $0.0004 — of 10,000,000,000 common share to Ybyr ($0.0004 per share) 20 days following the date i
- $16,000,000 — spect to the transaction. The remaining $16,000,000 in common shares will be issued followi
- $3,025,000 — L assets, WSCG agreed to: (a) pay HUMBL $3,025,000; (b) issue 2,455,556 shares of WSCG Cla
- $500,000 — he $3,025,000 payable in cash to HUMBL, $500,000 was previously paid in cash by WSCG to
- $525,000 — to HUMBL prior to the closing date, and $525,000 of indebtedness previously funded to HU
- $2,000,000 — es of WSCG was cancelled. The remaining $2,000,000 of the cash purchase price is due by De
- $17,000,000 — y in WSCG with a value of approximately $17,000,000. Upon transfer of the HoldCo Units, HUM
- $45,000,000 — estate assets with a value of at least $45,000,000 to WSCG. The transfer of the HUMBL asse
Filing Documents
- form8-k.htm (8-K) — 44KB
- ex10-1.htm (EX-10.1) — 62KB
- ex10-2.htm (EX-10.2) — 222KB
- ex10-3.htm (EX-10.3) — 26KB
- ex10-4.htm (EX-10.4) — 20KB
- 0001493152-24-048448.txt ( ) — 600KB
- hmbl-20241202.xsd (EX-101.SCH) — 3KB
- hmbl-20241202_lab.xml (EX-101.LAB) — 33KB
- hmbl-20241202_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, HUMBL has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: December 3, 2024 HUMBL, Inc. By: /s/ Brian Foote Brian Foote President and CEO