HUMBL Inc (HMBL)

[OMOLIVES]

This is a "payday loan"

On February 22, 2024, the Company entered into a Promissory Note in the amount of $220,000, due February 22, 2025. A one-time interest charge of $22,000 was added to the note, and an original issue discount of $20,000 was reflected that provided net proceeds of $200,000 to the Company. In connection with this note, the Company issued a Warrant to Purchase Shares of Common Stock for 100,000,000 shares. The warrant is exercisable for three years and has an exercise price of $0.001.

They paid $42,000 for a $200,000 loan. No matter what..even @ six months. Do the APR on that bitch'...lol.