Item 1.01 Entry into a Material Definitive Agreement.
Beginning on May 15, 2023 and ending on May 17, 2023, HUMBL, Inc. (“HUMBL”)
entered into Securities Purchase Agreements with five different investors (the
“Purchase Agreements”). Pursuant to the Purchase Agreements, HUMBL sold
125,000,000 shares of its common stock and warrants to purchase 125,000,000
shares of its common stock (the “Warrants”) for a total purchase price of
$275,000.00. The Warrants are exercisable for a period of five years, have a
cashless exercise provision and have an exercise price of $0.005 per share.
The foregoing description of the Purchase Agreements and Warrants does not
purport to be complete and is qualified in its entirety by reference to the
forms of Purchase Agreement and Warrant which are filed as Exhibit 10.1 to this
Current Report on Form 8-K. The form of Warrant is attached as an exhibit to the
Purchase Agreement.
Item 3.02 Unregistered Sale of Equity Securities.
The sale of the securities under the Purchase Agreement was exempt from
registration under Section 4(a)(2) of the Securities Act of 1933. The
information contained in Item 2.01, above, is hereby incorporated by reference
into this Item 3.02.
Item 9.01 Financial Statements and Exhibits.
Exhibits 10.1 Form of Purchase Agreement and Warrant 104 Cover Page interactive Data File (embedded within the Inline XBRL document)
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