HMBL - HUMBL acquires Mexican tech firm Ixaya

HUMBL (OTCPK:HMBL) acquired Ixaya Business, a Mexico-based software and IT solutions provider. HMBL acquired Ixaya's outstanding shares in exchange for ~9M HMBL shares and $150K in cash. To mitigate any dilution to shareholders, HMBL CEO Brian Foote will personally cancel a concomitant amount of his series B shares to offset HMBL stock issued as consideration for the purchase. With this acquisition, HMBL obtains direct access to over 35 Ixaya technology team members specializing in product design, front-end engineering, back-end engineering, dev ops and blockchain development. Ixaya will continue to operate as a standalone business and service its existing clients in Latin America. The firm will also prioritize its work with HMBL's consumer division and Blockchain Services commercial division to drive mutual expansion in North America and Latin America. As part of the deal, HMBL also acquired several ready-built Latin America software offerings that can be selectively rebranded and marketed under HUMBL's family of products.

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HUMBL acquires Mexican tech firm Ixaya