NUBURU and HUMBL: A Strategic Partnership for Accelerated Growth

NUBURU, Inc. (NYSE: BURU) and HUMBL, Inc. (OTC: HMBL) have announced a $2 million share exchange agreement and strategic partnership, aiming to accelerate growth and deliver immediate value to shareholders. This alliance, which includes an equity swap and exclusive distribution agreement, is set to drive both companies' expansion and create synergies that benefit investors.



Under the terms of the agreement, NUBURU will issue $2 million in common stock to HUMBL, subject to applicable exchange cap, stockholder approval, and registration requirements. In return, HUMBL will issue an equal amount of Series C Preferred Stock to NUBURU. Following the satisfaction of any required stockholder or regulatory approvals and registration requirements, it is anticipated that 70% of the shares of NUBURU will be distributed to the stockholders of HUMBL as a dividend.

The issuance of shares by both parties is contingent upon obtaining any required regulatory or stockholder approval and satisfying any applicable registration requirements. Additionally, the companies have entered into a Master Distribution Agreement, appointing HUMBL as the exclusive distributor in Brazil for both NUBURU's existing business and its recently announced Defense and Security Portfolio Companies. The parties may also negotiate performance-based incentives that would allow HUMBL to expand its exclusivity to all of Latin America upon achieving certain revenue and market penetration targets.

This strategic partnership represents the convergence of two companies with newly transformed business models and leadership teams. NUBURU, under its new management team, is expanding its business within its Defense and Security portfolio into new markets. HUMBL, having divested its Web3 assets and transformed into a Berkshire-inspired holding company in partnership with Ybyra Capital, is now executing a shareholder-centric strategy focused on cross-border strategic partnerships and value creation.

Alessandro Zamboni, Executive Chairman of NUBURU, stated: "This partnership with HUMBL provides NUBURU shareholders with dual benefits – exclusive distribution in Brazil's robust market with potential for all of Latin America, and exposure to HUMBL and Ybyra Capital's extensive regional network." Thiago Moura, CEO of HUMBL, Inc., added: "This partnership represents the convergence of two companies with newly transformed business models and leadership teams."

The alliance builds on NUBURU's established track record of technological excellence and HUMBL's revitalized presence in emerging markets, bolstered by Ybyra's regional expertise and substantial real assets. This partnership is expected to create synergies and drive value for both companies, ultimately benefiting their shareholders.

In conclusion, the strategic partnership between NUBURU and HUMBL is a significant step towards accelerating growth and delivering immediate value to shareholders. By leveraging each other's strengths and expertise, the companies aim to create a mutually beneficial alliance that drives success in the competitive markets of Brazil and Latin America.