HUMBL, Inc. (OTC: HMBL) is pleased to announce a two-step
transaction that includes HUMBL, Inc. and two other partners to be
filed as a Form 14C step-transaction.
The first phase of the step-transaction involves
a stock purchase agreement between HUMBL and Ybyra Capital S.A.
(B3: YBRA4). Ybyra is an established public company in Brazil known
for its expertise in real estate, hospitality, port operations,
mining, and commodity sectors, with over $1 billion in assets under
management.
HUMBL, Inc. has purchased a subsidiary of Ybyra:
FinCapital. Ybyra has already contributed $20,000,000 in physical
assets to the balance sheet of FinCapital, which will appear on the
consolidated financials of HUMBL, Inc. as a result of this
transaction. In keeping with this strategy, Ybyra intends to move
additional assets onto the HUMBL, Inc. (FinCapital) balance sheet
and begin operating the public company immediately.
The focus of FinCapital will be on improved
balance sheet fundamentals, revenue and profitability metrics, and
establishing improved liquidity pathways between the U.S. and Latin
America. Thiago Moura, Chairman and CEO of Ybyra, will assume the
role of Chairman and CEO of the HUMBL, Inc. public company. Brian
Foote will remain on the Board of Directors to ensure transition
continuity and provide U.S. introductions to key service providers
and business partners.
In the second phase of the transaction, HUMBL,
Inc. successfully completed the sale of the HUMBL brand and related
technology assets for $20,000,000 in stock and cash to WSCG, Inc.,
a private real estate and blockchain firm based in Salt Lake City,
Utah.
WSCG, Inc. is guided by a team of experienced
real estate professionals with over $1.5 billion in real estate
development and management expertise in the Mountain West
region.
WSCG will focus on the convergence of real
estate and blockchain tokenization by integrating HUMBL’s
intellectual property and technology assets. This includes a core
focus on the HUMBL Wallet, HUMBL.com blockchain tokenization and
the BLOCK ETXs by HUMBL Financial.
WSCG has already secured several real estate
commitments for blockchain tokenization in the Mountain West, with
plans to do so through the HUMBL Wallet and the HUMBL.com
platform.
HUMBL’s public shareholders will maintain
ongoing investment exposure to the HUMBL assets through HUMBL
Inc.’s equity stake in the WSCG private company.“This transaction
ensures the survival of HUMBL’s intellectual property and core
technologies, along with ongoing investment exposure for HUMBL
Inc.’s shareholders via its equity stake in the private company
WSCG, Inc.,” said Brian Foote, outgoing CEO of HUMBL. “At the same
time, the transaction delivers a strong Latin American asset holder
into the public company. We believe that this transaction will
deliver value to HUMBL shareholders on both sides of the public and
private company ledger.”
"Ybyra has significant assets, resources and
access in Brazil and Latin America, which we can capitalize on
faster by building stronger liquidity and access to the North
American capital markets,” said Thiago Moura, CEO and Chairman of
Ybyra and the incoming CEO and Chairman of HUMBL, Inc. “We believe
our strong focus on placing real assets onto the balance sheet,
along with revenue and profitability metrics, will deliver value to
HUMBL’s powerful shareholder base and move us on to the next steps
of uplisting or M+A onto a major national exchange.”
Ybyra will also serve as a significant
technology client of WSCG, Inc., utilizing the HUMBL Wallet,
HUMBL.com blockchain tokenization, and the BLOCK ETXs by HUMBL
Financial, for the blockchain tokenization of real estate and other
physical assets in their portfolio.
For more information regarding the specifics of
each transaction, please see HUMBL’s Form 8-K filed with the
SEC.
About HUMBL
HUMBL is a Web 3 technology platform, developed
for the digital blockchain economy. The company offers core product
lines such as the HUMBL Wallet and HUMBL.com, as well as
white-label commercial services in areas such as government
wallets, ticketing and more. To learn more, visit:
www.HUMBL.com
About Ybyra
Ybyrá Capital S.A. (YBRA4) is a Brazilian
publicly traded investment holding company with more than 26 years
of experience and over $1 billion dollars in assets under
management. The company operates in the following sectors:
commodities trading, energy, agricultural market, mining, offshore
logistics, port terminal, real estate, financial industry and
RD&I. To learn more, visit: Ybyra LP - Investor Relations
About WSCG, Inc.
WSCG, Inc. is a hybrid real estate and
blockchain technology company in Salt Lake City, Utah, with
expertise in real estate development, management, and blockchain
tokenization.
Investor Relations
Investor RelationsCarolina Pestana Coelho
Ri@ybyracapital.com.br+55 (21) 2430-5971
Safe Harbor Statement
This release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. All statements, other than statements of historical fact,
included herein are forward-looking statements. These
forward-looking statements are identified by the use of words such
as "anticipate," "believe," "estimate," "expect," "intend," "plan,"
"predict," "potential," "continue," "may," "will," "could," and
similar expressions. All forward-looking statements involve
significant risks and uncertainties that could cause actual results
to differ materially from those expressed in such statements.
Factors that could cause actual results to differ materially
include, but are not limited to, risks and uncertainties associated
with the ability to achieve anticipated benefits of the patent, as
well as competition, and general market conditions. The company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by law.
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