$TSNP: NEWS-HUMBL Completes Merger with Tesoro Ent
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Posted On: 12/09/2020 9:19:40 AM
$TSNP: NEWS-HUMBL Completes Merger with Tesoro Enterprises, Inc.; Sells Warrants with Provision for $50 Million In Funding
San Diego, California, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Tesoro Enterprises, Inc. (OTCMKT: TSNP) announced today that its merger with HUMBL, LLC is complete, and the company is now a registered Delaware corporation. Additional amendments are now being filed with the Delaware Secretary of State’s office to change the name of the corporation to “HUMBL, Inc.” Furthermore, corporate actions are being prepared for filing with the Financial Industry Regulatory Authority (“FINRA”) to have the public entity renamed “HUMBL, Inc.” together with a request for a change in the ticker symbol to “HMBL”.
HUMBL celebrated the merger by launching its new landing page at www.HUMBLpay.com, which premiers the company’s brand video - “A Borderless Day in Baja.” The video has received overwhelming response in previews to industry professionals and HUMBL partners.
As a result of the completion of the merger, HUMBL was able to consummate November 23, 2020 agreements to raise funding through the cash sale of warrants. As these warrants are exercised, HUMBL will access up to $50 million in equity funding, to be used for marketing of the HUMBL global brand; the HUMBL® mobile app and HUMBL Hubs® merchant software; as well as distribution and partnerships around the world.
Shares acquired through the exercising of the warrants will not be saleable through the retail market for a period of one year from the purchase date of the warrants.
https://www.otcmarkets.com/stock/TSNP/news/st...id=1762198
San Diego, California, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Tesoro Enterprises, Inc. (OTCMKT: TSNP) announced today that its merger with HUMBL, LLC is complete, and the company is now a registered Delaware corporation. Additional amendments are now being filed with the Delaware Secretary of State’s office to change the name of the corporation to “HUMBL, Inc.” Furthermore, corporate actions are being prepared for filing with the Financial Industry Regulatory Authority (“FINRA”) to have the public entity renamed “HUMBL, Inc.” together with a request for a change in the ticker symbol to “HMBL”.
HUMBL celebrated the merger by launching its new landing page at www.HUMBLpay.com, which premiers the company’s brand video - “A Borderless Day in Baja.” The video has received overwhelming response in previews to industry professionals and HUMBL partners.
As a result of the completion of the merger, HUMBL was able to consummate November 23, 2020 agreements to raise funding through the cash sale of warrants. As these warrants are exercised, HUMBL will access up to $50 million in equity funding, to be used for marketing of the HUMBL global brand; the HUMBL® mobile app and HUMBL Hubs® merchant software; as well as distribution and partnerships around the world.
Shares acquired through the exercising of the warrants will not be saleable through the retail market for a period of one year from the purchase date of the warrants.
https://www.otcmarkets.com/stock/TSNP/news/st...id=1762198
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