I want to use the TSNP–HUMBL merger as a clear example because I was personally invested in that one and watched the entire process unfold in real time. I’m not pulling this out of thin air or researching it after the fact. I lived through it, and it helps explain what’s realistic to expect from any reverse merger, including one that might involve UNVC.
Here’s how it actually played out:
• Announcement: November 12, 2020 — Tesoro Enterprises (TSNP) announced its reverse merger with HUMBL, LLC. The market reacted immediately to that news, before any uplisting talk or audited financials.
• Merger Closed: December 3, 2020 — The deal officially closed.
• Public Announcement of Completion: December 9, 2020 — HUMBL made it public and launched its rebrand.
• Name & Symbol Change: February 25 to March 26, 2021 — FINRA processed the name change to HUMBL, Inc. and the ticker symbol shifted from TSNPD to HMBL.
• OTCQB Uplist: January 14, 2022 — Over a year later, the company uplisted after the combined company completed its first audited financials covering 2021.
There were no audited financials from TSNP before the merger. The audited statements came from the newly combined HUMBL, Inc. after the deal had already been completed. This is key — the audits and uplist came well after the merger, not before it.
That’s the real timeline. The major move in share price happened after the November announcement and into the December closing — long before OTCQB status or audits came into play. The uplist was the final step, not the starting point.
I use this example because it shows the normal sequence for how reverse mergers play out. I could have chosen another, but this one is firsthand experience. It’s also one of the most successful OTC transitions in recent memory.
So when people say a company must uplist first or already have audited financials before a merger, the TSNP–HUMBL case shows that’s not true. The merger comes first. The filings, audited financials, and brand transition follow. Then, when the time is right, the uplist happens.
If Dr. Dalton merges one of his private companies into UNVC, it would likely follow the same order: announce, close, disclose, then uplist. That’s the process that has worked before and the one that would make the most sense again.
Here’s how it actually played out:
• Announcement: November 12, 2020 — Tesoro Enterprises (TSNP) announced its reverse merger with HUMBL, LLC. The market reacted immediately to that news, before any uplisting talk or audited financials.
• Merger Closed: December 3, 2020 — The deal officially closed.
• Public Announcement of Completion: December 9, 2020 — HUMBL made it public and launched its rebrand.
• Name & Symbol Change: February 25 to March 26, 2021 — FINRA processed the name change to HUMBL, Inc. and the ticker symbol shifted from TSNPD to HMBL.
• OTCQB Uplist: January 14, 2022 — Over a year later, the company uplisted after the combined company completed its first audited financials covering 2021.
There were no audited financials from TSNP before the merger. The audited statements came from the newly combined HUMBL, Inc. after the deal had already been completed. This is key — the audits and uplist came well after the merger, not before it.
That’s the real timeline. The major move in share price happened after the November announcement and into the December closing — long before OTCQB status or audits came into play. The uplist was the final step, not the starting point.
I use this example because it shows the normal sequence for how reverse mergers play out. I could have chosen another, but this one is firsthand experience. It’s also one of the most successful OTC transitions in recent memory.
So when people say a company must uplist first or already have audited financials before a merger, the TSNP–HUMBL case shows that’s not true. The merger comes first. The filings, audited financials, and brand transition follow. Then, when the time is right, the uplist happens.
If Dr. Dalton merges one of his private companies into UNVC, it would likely follow the same order: announce, close, disclose, then uplist. That’s the process that has worked before and the one that would make the most sense again.
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