HUMBL Inc (HMBL)

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Following the lock-up period, a large number of shares will be available for sale and our stockholders may rapidly sell them resulting in a significant decline in the market price of our common stock and dilution to our stockholders. Following the closing of this offering and the stock dividend, Ecoark will own 8,334,224 shares of Agora common stock representing approximately 14.8% of the issued and outstanding Agora common stock. See the risk factor titled “When Ecoark effects the planned stock dividend of 33,336,997 Agora shares, the impact may depress our common stock price” on page 37 of this prospectus for more information.