AVRIO Worldwide, PBC acquired Substantially all of the assets associated with HUMBL Financial product line of HUMBL, Inc. for $5 million.
February 29, 2024
Share
AVRIO Worldwide, PBC entered into an asset purchase agreement to acquire Substantially all of the assets associated with HUMBL Financial product line of HUMBL, Inc. (OTCPK:HMBL) for $5 million on February 23, 2024. HUMBL received 1,920,000 shares of Avrio?s Class A Common Stock (representing a 10% stake in Avrio); and 2.5% of the net revenues generated by Avrio from its sales of the acquired assets. HUMBL will also receive a seat on Avrio?s Board of Directors as part of the transaction, the initial designee being Brian Foote, CEO of HUMBL. Emily S. Levin of LCLG Law acted as legal advisor to AVRIO Worldwide, PBC.
AVRIO Worldwide, PBC completed the acquisition of Substantially all of the assets associated with HUMBL Financial product line of HUMBL, Inc. (OTCPK:HMBL) on February 29, 2024.
HUMBL, Inc. is a Web 3, digital commerce company, which connects consumers, businesses and governments in the digital economy. The Company provides tools and packaging for technologies, such as blockchain. It is built on a patent-pending, decentralized technology stack that utilizes both core and partner technologies, to provide connections to the digital economy and each other. The Company is organized into two divisions: HUMBL Consumer and HUMBL Commercial. It delivers a digital wallet and Website as its core services. Its services include HUMBL Wallet, HUMBL.com-Website and HUMBL Commercial Services. The HUMBL Wallet consolidates a variety of services for customers in one place and helps it to verify customers and merchants. The HUMBL Wallet is available for download on app stores. HUMBL Website consists of HUMBL Search Engine, HUMBL Tickets, HUMBL Marketplace, HUMBL Social Media and HUMBL Metaverse Stores. HUMBL is the Official Technology Platform of the Arena Football League.
HUMBL, INC. 
