HUMBL CEO Retires Over $100 Million In Shares
HUMBL CEO Brian Foote has announced that he will retire 9,350 of his shares of Series B Preferred Stock that he owns. This is the equivalent of 93,500,000 shares of common stock. Preceding this, Foote had retired 551,669,335 pre-split common shares from November 2020, at his own cost. The purpose of the share is to cut down on the overall HUMBL share count and protect investors, as the company is looking to pursue brand partnerships, revenue, and to revitalize its market share acquisition strategies. The retired shares are sufficient enough to cover the Tickeri and Monster LA acquisitions, HUMBL Brand Ambassadors, and so on and so forth. The share retirement will also include an allocation to cover shares that may be issued in connection with future acquisitions. Here’s what Brian Foote had to say about these acquisitions: “Whatever we can do to deliver great products and protect shareholder value at Humbl will always be the focus. We are actively seeking rollout acquisitions, particularly in mobile payments and ticketing, which we will package into one seamless experience for customers. If you would like to learn more about this story, you can click here to better understand it.