HUMBL Cancels Reverse Stock Split
San Diego, California, Feb. 22, 2023 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCQB: HMBL) announced today that the Company has decided to cancel its application for a 1:10 reverse split of its common stock with FINRA.
- San Diego, California, Feb. 22, 2023 (GLOBE NEWSWIRE) -- HUMBL, Inc. (OTCQB: HMBL) announced today that the Company has decided to cancel its application for a 1:10 reverse split of its common stock with FINRA.
- On February 10th, HUMBL launched the first mobile wallet with digital assets, a search engine and verified social media profiles in one application.
- Further, HUMBL is in the process of aggressively settling legacy debt and recapitalizing the Company with the goal of less dilutive financing,” said Brian Foote, CEO of HUMBL.
- “We also revisited the purpose of the reverse split and believe it is neither aligned with our current objectives, nor particularly beneficial for our retail shareholders at this juncture.”