Strategic Partnership Announcement for Accelerated Growth
The recent partnership between HUMBL, Inc. (OTC: HMBL) and NUBURU, Inc. (NYSE: BURU) is an exciting development designed to drive growth and enhance shareholder value. This collaboration was marked by the execution of a $2 million Equity Swap Agreement, aimed at bolstering the growth trajectories of both companies.
Key Transaction Details
Under the terms of the Equity Swap Agreement, NUBURU plans to issue $2 million in common stock to HUMBL, while HUMBL will respond with an equal value of Series C Preferred Stock issued to NUBURU. Following the necessary stockholder and regulatory approvals, a significant portion, approximately 70%, of NUBURU’s shares will be distributed as dividends to HUMBL’s shareholders. However, both companies must secure the required approvals and comply with registration requirements before this distribution can take place.
In addition to the share exchange, HUMBL has secured a Master Distribution Agreement, giving it exclusive rights to distribute NUBURU's products in Brazil. There are even discussions underway to extend this exclusivity across Latin America, contingent on specific revenue and market success targets.
A Converging Vision for Business Growth
The CEOs of both companies are optimistic about the partnership. Thiago Moura, CEO of HUMBL, remarked, "This collaboration signifies a transformative moment for two companies entering new markets. We are committed to shareholder value and strategic partnerships that result in meaningful financial improvement."
Meanwhile, Alessandro Zamboni, Executive Chairman of NUBURU, emphasized the benefits for their shareholders, which include exclusive distribution opportunities and the leveraging of HUMBL's extensive network in Brazil and potential expansion into Latin America. This strategic approach aims to boost NUBURU's growth within the technology and defense sectors.
Aligning Strengths for Mutual Benefit
The collaboration builds upon NUBURU's reputation for technological innovation and HUMBL's revitalized standing in emerging markets, enhanced by Ybyra Capital's significant experience in these areas. As both companies navigate their respective transformations, the partnership exemplifies how aligning strengths can lead to significant market opportunities.
About HUMBL, Inc.
HUMBL, Inc. has successfully transitioned into a strategic holding company, concentrating on high-value joint ventures and investments. The recent divestiture of its Web3 assets has allowed HUMBL to focus on generating shareholder value through its focused leadership team, including CEO Thiago Moura, who is affiliated with Ybyra Capital. This change enables HUMBL to facilitate critical market access across Brazil and Latin America, providing strategic partners with essential resources and opportunities for engagement.
About NUBURU, Inc.
NUBURU, Inc. has made strides since its inception in 2015, specializing in blue laser technology that has redefined manufacturing standards. Its newly appointed management team, under Executive Chairman Alessandro Zamboni, is dedicated to implementing a robust growth strategy that incorporates the defense and security sectors. By leveraging partnerships and strategic acquisitions, NUBURU aims to enrich its technological portfolio and expand its operational capacity.
Investor and Media Contacts
For inquiries related to HUMBL, please reach out to their Investor Relations at ri@ybyracapital.com.br or contact the media at media@humbl.com.
NUBURU can be contacted at alessandro.zamboni@nuburu.net for Investor Relations inquiries or press@nuburu.net for media queries.
Frequently Asked Questions
What is the nature of the HUMBL and NUBURU agreement?
The agreement is a $2 million Equity Swap Agreement aimed at enhancing growth and delivering shareholder value for both companies.
What does the agreement entail for HUMBL's shareholders?
HUMBL's shareholders are set to receive 70% of the shares from NUBURU as a dividend following the necessary approvals.
How will this partnership benefit NUBURU?
NUBURU will gain exclusive distribution rights in Brazil and potential opportunities elsewhere in Latin America, leveraging HUMBL's established network.
What business model does HUMBL now operate under?
HUMBL operates as a strategic holding company focusing on shareholder value through joint ventures and acquisitions.
Who should I contact for more information?
For more information, you can reach out to the investor relations contacts provided for both HUMBL and NUBURU.
