Humbl, LLC

Ticker: HUMBL

Class Period Start: 11/01/2022

Class Period End: 05/19/2022

Registration Deadline: 07/19/2022

A class action lawsuit has been filed in the USDC, S.D.CA. against Defendants HUMBL LLC (“HUMBL” or the “Company”), its Chief Executive Officer, Brian Foote, its Chief Financial Officer, Jeffrey Hinshaw, and its Capital Markets Advisor, George Sharp (together with HUMBL, the “Defendants”). on behalf of purchasers of the securities of HUMBL, LLC (OTC: HMBL) and/or the Company’s unregistered digital asset (sold as “BLOCKS Exchange Traded Index (“ETXs”) on various cryptocurrency exchanges) between November 1, 2020 through May 19, 2022, both dates inclusive (the “Class Period”).
Humbl is a mobile financial services company that offers investors various financial products associated with “Web 3” technology and decentralized finance.

The complaint alleges that Defendants violated provisions of the Exchange Act by making false and misleading statements concerning the Company’s growth prospects, technological advancements, international partnerships, and financial benefits for Humbl common stock and digital asset investors, as well as using selectively timed announcements to keep Humbl stock price high so that Company insiders could sell off their holdings into artificially created volume.  The complaint also alleges that Defendants violated provisions of the Securities Act by selling its unregistered securities (BLOCK ETX digital assets) to investors.

On April 25, 2022, the price of the Humbl common stock hit a low of $0.11 per share, down from a price high of $6.84 during the Class Period, which it has not been able to recover. Likewise, the price of BLOCK ETX has dropped over 87% from its height during the Class Period and has not recovered.

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