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HUMBL Announces $50 Million Equity Financing Agreement and Bridge Note

HUMBL Announces $50 Million Equity Financing Agreement and Bridge Note
April 14, 2021 19:26 ET
| Source:
HUMBL, Inc.
HUMBL, Inc.
San Diego, UNITED STATES
San Diego, California, April 14, 2021 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTC Markets: HMBL) announced today that it has closed on a $3,000,000 bridge note from Brighton Capital Partners, LLC (Brighton Capital). In addition, HUMBL
® and Brighton Capital have executed an Equity Financing Agreement in which Brighton Capital has agreed to purchase up to $50,000,000 of HUMBL common stock. The right to cause Brighton Capital to purchase these shares is solely at HUMBL’s election.
Pursuant to the Equity Financing Agreement, Brighton Capital agreed to purchase up to $50,000,000 of HUMBL common stock. If HUMBL elects to cause Brighton Capital to purchase shares, the shares will be purchased at a 20% discount. HUMBL will have the right to cause Brighton Capital to purchase shares under the agreement following the effectiveness of an S-1 Registration Statement.

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