HMBL - HUMBL acquires BM Authentics for 90M shares and $0.11M in cash
- HUMBL ( OTCQB:HMBL ) has announced the acquisition of BM Authentics, a trusted provider of sports merchandise and memorabilia headquartered in Chicago, Illinois.
- The purchase price for the transaction was 90M shares of HUMBL common stock and $0.11M in cash.
- Brian Foote recently retired 450M common shares on September 21, 2022 to ensure such a transaction would result in no additional dilution to shareholders.
- "As we focus on driving product sales and revenues through the HUMBL platform, the acquisition of a trusted merchandise provider was an important part of HUMBL’s strategic vision,” said Brian Foote, CEO of HUMBL.
- HMBL is -15.15% to $0.015.
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HUMBL acquires BM Authentics for 90M shares and $0.11M in cash