Item 1.01 Entry into a Material Definitive Agreement.
On August 11, 2022, HUMBL, Inc. (“HUMBL”) entered into four Securities Purchase Agreements (“Purchase Agreements”) with four different investors for the purchase of common stock and warrants. Pursuant to the Purchase Agreements, HUMBL sold 29,625,000 shares of its common stock and warrants to purchase 59,250,000 shares of common stock for a total purchase price of $1,185,000 ($0.04 per share). The warrants are exercisable for a period of three years and are cash exercise only warrants. 50,362,500 of the warrant shares are exercisable at an exercise price of $0.075 and 8,887,500 of the warrant shares are exercisable at an exercise price of $0.10.
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