The CEO of HUMBL did not sell any shares of the company and now retired the equivalent of more sevenseven0,000,000 personally owned common shares to help reduce dilution in the company

San Diego, Calif., Sept. 21, 2022 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTC Markets: HMBL) today announced that CEO Brian Foote has elected to withdraw an additional 45,000 Series B Preferred Shares he owns, equivalent to 450,000,000 common shares.

The market value of these shares based on the previous trading day’s closing price is approximately $13,500,000 (USD).

Mr. Foote previously withdrew a combined total of approximately 324,917,333 common shares from the float in November 2020, July 2021 and March 2022, also at his own expense.

In summary, Mr. Foote has not sold any HUMBL shares and has now withdrawn the equivalent of approximately 774,917,333 common shares.

The purpose of this stock withdrawal is to reduce the overall number of HUMBL shares and to attempt to reduce dilution to HUMBL shareholders as the company pursues its fundraising and acquisition strategies.

“This action will further facilitate our flexibility to execute consumer marketing partnerships, merger and acquisition strategies, and company capital formation,” said Brian Foote, CEO of HUMBL.

The share cancellation request was submitted on Wednesday, September 21, 2022 to the company’s transfer agent, Pacific Stock Transfer.

About HUMBL

HUMBL is a Web3 Commerce platform with consumer products and commercial services.

CONTACT:

Press Contact: Cynthia Kaui, Public Relations Strategist for Focuscom Inc. Services Email: [email protected]

Forward-looking statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify such statements by the use of the words “may”, “will”, “should”, “plan”, “will”. expects,” “anticipates,” “continues,” “estimates,” “plans,” “intends” and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated.These risks and uncertainties include, but are not limited to, the Company’s ability to successfully execute its broader business strategy, including entering into definitive agreements with suppliers, business partners and customers; general economic and business conditions, the effects of continuing geopolitical unrest and regional conflict, competition, changes in technology and marketing methods, ret ards in the completion of various engineering and manufacturing programs, changes in customer ordering patterns, changes in product mix, the continued success of technical advancements and the delivery of technological innovations, shortages of components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, governmental agency rules and changes, and various other factors beyond the Company’s control.

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