HUMBL Announces That It Has Entered Into a Securities Purchase Agreement For Over $2 Million In Financing With Pacific Lion
San Diego, California, Oct. 11, 2023 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTC: HMBL) (“HUMBL” or the “Company”) announced today that it has signed a Securities Purchase Agreement (“SPA”) with Pacific Lion that will provide the Company with $2,040,000 in capital over the next six months. The Company has received the first monthly installment of $300,000.
HUMBL, Inc., a leading technology company focused on digital assets, blockchain, and fintech solutions, has exciting news to share with its investors and stakeholders. The Company has entered into a Securities Purchase Agreement with Pacific Lion, a strategic partner that will provide HUMBL with over $2 million in financing over the next six months. This significant capital infusion will support HUMBL’s growth initiatives and further strengthen its position in the market.
As part of the agreement, HUMBL has already received the first monthly installment of $300,000 from Pacific Lion, with additional funds to be disbursed in the coming months. This financing arrangement demonstrates Pacific Lion’s confidence in HUMBL’s business model and long-term potential. It also highlights HUMBL’s ability to attract strategic investors who see value in the Company’s innovative approach to digital assets and blockchain technology.
Impact on Me:
As an individual investor, the news of HUMBL securing over $2 million in financing with Pacific Lion is a positive development. It indicates that the Company has access to additional capital to support its growth plans, which could potentially lead to increased shareholder value in the long term. This strategic partnership may also signal new opportunities for HUMBL to expand its product offerings and reach a wider audience, which could benefit me as an investor in the Company.
Impact on the World:
The collaboration between HUMBL and Pacific Lion to secure over $2 million in financing has broader implications for the world of digital assets and blockchain technology. It demonstrates the growing interest and confidence in companies operating in this space, signaling a potential shift towards greater adoption and innovation in the fintech industry. The successful execution of this Securities Purchase Agreement could pave the way for more strategic partnerships and investments in similar companies, further fueling the growth and development of the digital economy.
Conclusion:
In conclusion, HUMBL’s announcement of entering into a Securities Purchase Agreement with Pacific Lion for over $2 million in financing is a significant milestone for the Company and the broader fintech industry. The influx of capital will help HUMBL accelerate its growth and continue to innovate in the digital assets space. As an investor, this news provides confidence in HUMBL’s future prospects, while on a global scale, it symbolizes the ongoing evolution and maturation of the digital economy.
