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): October 16, 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 7.01. Regulation FD Disclosure.

 

On October 16, 2024, the registrant, HUMBL, Inc. (“HUMBL”) issued a press release announcing the issuance of U.S. Patent No. 12,118,613 by the United States Patent and Trademark Office (USPTO) for the “System and Method for Transferring Currency Using Blockchain.” A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

In accordance with General Instruction B.2 of this Current Report on Form 8-K, the information in this Item 7.01, including Exhibit 99.1. shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by reference in such a filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by RDE that the information contained herein, including the exhibits hereto, is material or that the dissemination of such information is required by Regulation FD.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number		Description
99.1		Press Release, dated October 16, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

SIGNATURES

 

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

 

Date: October 16, 2024	HUMBL, Inc.
	By:	/s/ Brian Foote
		Brian Foote
		President and CEO

 

 

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

HUMBL Issued U.S. Patent for System and Method for Transferring Currency Using Blockchain

 

San Diego, CA, October 16, 2024 - HUMBL, Inc. (OTC: HMBL) is pleased to announce the issuance of U.S. Patent No. 12,118,613 by the United States Patent and Trademark Office (USPTO) for the “System and Method for Transferring Currency Using Blockchain.” This patent was formally issued by the USPTO on October 15, 2024.

 

As more traditional assets and currencies become tokenized on blockchain, the potential industry applications for this patent include, but are not limited to: digital wallets, digital asset exchanges, traditional stock exchanges, traditional banks, financial services and brokerages, global remittance and payment providers, transfer agents, foreign exchange, credit card services, government services and more.

 

The patent abstract is as follows: A financial services system that utilizes a user device and a blockchain with a blockchain ledger. The system includes a host database with a non-transitory computer-readable medium and a host controller that executes the code. The host controller enables communication between a first digital wallet on the user device and either a local currency account or a digital currency account to initiate a deposit. This deposit is assigned a transaction ID, which is recorded on the blockchain ledger and includes a deposit currency value. The method for transferring currency involves enabling communication between the first digital wallet and either a local currency account or a digital currency account with a host controller of the host database, assigning a transaction ID to the deposit, and recording the transaction ID that includes a deposit currency value on the blockchain ledger.

 

“While these have been some long years spent getting this patent issued, we are appreciative of the USPTO in terms of their thorough and transparent review, which we believe resulted in a comprehensive and fair outcome,” said Brian Foote, CEO of HUMBL. “Staying in the U.S. to do our work in blockchain has, admittedly, been a very challenging process. However, we believe strongly in the thoughtful advancement of this technology in our country; as well as the improved access, costs, speeds, security and visibility that our blockchain currency transfer system can bring to consumers, corporations, capital markets and governments at scale.”

 

A provisional patent application was first filed on January 7, 2020, and the earliest publication date was July 8, 2021. The lead author of the patent is HUMBL CEO, Brian McLaren Foote, with co-author contributions from Adam Wolfe and Jeff Hinshaw. To read in more detail about the patent, please visit: Bibliographic Data - Application - Patent Center - USPTO.

 

About HUMBL

 

HUMBL is a consumer technology company focused on delivering innovative solutions across its fully-verified user profiles, digital wallet and web platform. Our mission is to build, simplify and enhance the digital experience for our customers worldwide with verified communications and transactions.

 

Safe Harbor Statement

 

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements are identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict,” “potential,” “continue,” “may,” “will,” “could,” and similar expressions. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed in such statements. Factors that could cause actual results to differ materially include, but are not limited to, risks and uncertainties associated with the ability to achieve anticipated benefits of the patent, as well as competition, and general market conditions. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

 

Contact Information

 

[e-mail]

 

 

 

Cover	Oct. 16, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 16, 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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