HUMBL, Inc. and NUBURU, Inc. enter $2 million strategic partnership for accelerated growth

From GlobeNewswire: 2025-02-28 18:00:00

HUMBL, Inc. (OTC: HMBL) has entered into a $2,000,000 Equity Swap Agreement and strategic partnership with NUBURU, Inc. (NYSE: BURU) to accelerate growth strategies and provide value to shareholders. NUBURU will issue $2,000,000 in common stock to HUMBL, with HUMBL reciprocating with Series C Preferred Stock. Pending approvals, 70% of NUBURU shares may be distributed to HUMBL stockholders. The companies also signed a Master Distribution Agreement, making HUMBL the exclusive distributor in Brazil for NUBURU’s business. Both companies aim for accelerated growth through this partnership.

The partnership between HUMBL and NUBURU aims to capitalize on their transformed business models and leadership teams. HUMBL, now focused on strategic partnerships and value creation, will distribute NUBURU’s products in Brazil. NUBURU’s new management team is expanding into defense and security markets, utilizing HUMBL’s established presence in Brazil for rapid growth. The alliance leverages NUBURU’s technology and HUMBL’s regional network for mutual benefit and market penetration in Latin America.



Read more at GlobeNewswire: HUMBL, Inc. Announces $2 Million Share Exchange Agreement