Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 17, 2024

 

HUMBL, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware		000-31267		27-1296318
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

101 W. Broadway
Suite 1450
San Diego, CA		92101
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: [phone]

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		HMBL		OTC Pink

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

Item 8.01 Other Events.

 

On July 17, 2024, HUMBL, Inc. (“HUMBL”) filed a Certificate of Designation with the Delaware Secretary of State to designate a new Series D preferred stock under the authority of its Board of Directors to designate from its authorized “blank check” preferred stock the to fix the number of a new series of preferred stock and its voting rights, preferences, qualifications and limitations. The Board of Directors authorized 250,000 shares of the Series D preferred stock that have 500,000 votes of HUMBL’s common stock per share. The Series D preferred do not have any liquidation preference, rights to dividends or conversion and are not subject to redemption. The Board of Directors authorized the issuance of 100,000 shares of Series D preferred stock to Brian Foote as compensation for services rendered. The forgoing is a summary of the terms of the Series D preferred and is qualified in its entirety by reference to the Certificate of Designation of the Series D preferred which is filed as Exhibit 3.1 to this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits.

 

	Exhibits
	3.1		Certificate of Designation of the Series D Preferred Stock of HUMBL, Inc.
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, HUMBL has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

Date: August 12, 2024	HUMBL, Inc.
	By:	/s/ Brian Foote
		Brian Foote
		President and CEO

 

 

 

Exhibit 3.1

 

CERTIFICATE OF DESIGNATION

OF THE

SERIES D PREFERRED STOCK

OF

HUMBL, INC.

 

It is hereby certified that:

 

1. The name of the corporation is HUMBL, Inc. (the “Corporation”).

 

2. The Certificate of Incorporation of the Corporation designates 22,500,000,000 shares of Common Stock, $0.00001 par value, and 10,000,000 shares as Preferred Stock, $0.00001 par value, 7,000,000 of which have been designated as Series A Preferred Stock, 570,000 of which have been designated as Series B Preferred Stock, and 20,000 of which have been designated as Series C Preferred Stock.

 

3. The Certificate of Incorporation expressly vests in the Board of Directors of the Corporation the authority to provide, out of the unissued shares of Preferred Stock, for one or more series of Preferred Stock and, with respect to each such series, to fix the number of shares constituting such series and the designation of such series, the voting powers, if any, of the shares of such series, and the preferences and relative, participating, optional, or other special rights, if any, and any qualifications, limitations, or restrictions thereof, of the shares of such series.

 

4. The Board of Directors of the Corporation, pursuant to the authority expressly vested in it as aforesaid, has adopted the following resolutions creating a Series D issue of Preferred Stock:

 

RESOLVED, that the Board of Directors hereby fixes and determines the designation of the number of shares and the rights, preferences, privileges, and restrictions relating to the Series D Preferred Stock:

 

(a) Designation. The series of Preferred Stock created hereby shall be designated the Series D Preferred Stock.

 

(b) Authorized Shares. The number of shares of Series D Preferred Stock shall be 250,000 shares.

 

(c) Dividends. The Series D Preferred Stock shall not be entitled to receive any dividend.

 

(d) Voting Rights. Except as otherwise expressly provided herein or as required by law, the holders of shares of Series D Preferred Stock shall have all voting rights of those of the Corporation’s Common Stock, based on five hundred thousand (500,000) votes of Common Stock for each share of Series D Preferred Stock so held. If the Corporation, at any time while any Series D Preferred Stock is outstanding, (a) subdivides its outstanding shares of Common Stock into a larger number of shares, or (b) combines its outstanding shares of Common Stock in a smaller number of shares, then immediately following such forward or reverse stock split, the voting rights of the Series D Preferred Stock will automatically adjust such that the Series D Preferred will retain the same proportionate voting power as immediately prior to such event.

 

(e) Conversion Rights. The Series D Preferred Stock shall have no rights to convert into Common Stock.

 

(f) No Reissuance of Series D Preferred Stock. No shares of Series D Preferred Stock acquired by the Corporation because of redemption, purchase, conversion, or otherwise shall be reissued, and all such acquired shares shall be cancelled, retired, and eliminated from the shares of capital stock which the Corporation shall be authorized to issue.

 

 

 

Cover	Jul. 17, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jul. 17, 2024
Entity File Number	000-31267
Entity Registrant Name	HUMBL, Inc.
Entity Central Index Key	0001119190
Entity Tax Identification Number	27-1296318
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	101 W. Broadway
Entity Address, Address Line Two	Suite 1450
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92101
City Area Code	(786)
Local Phone Number	738-9012
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	HMBL
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

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