TAP REAL ESTATE TECHNOLOGIES, INC.

TAP Real Estate Technologies, Inc. announced an extension to its Option to Purchase Agreement with Wasatch Springs Management Holdings, LLC for the Zermatt Resort in Midway, Utah. The original 60-day option, entered into on March 24, 2026, was extended for an additional 90 days through an addendum signed on May 22, 2026. This extension provides the parties more time to secure financing and operational resources necessary to consummate the potential acquisition.

TAP Real Estate Technologies, Inc. (formerly HUMBL, Inc.) reported a net loss of $2.96 million for the three months ended March 31, 2026, a significant change from a net income of $12.84 million in the prior year, which included a gain on disposal of discontinued operations. The company had no revenue from continuing operations and a cash balance of only $6,682 as of March 31, 2026. Management expressed substantial doubt about the company's ability to continue as a going concern, citing operating losses and a working capital deficit of $3.59 million. The company recently rebranded to focus on real estate asset acquisition and blockchain-enabled tokenization, securing $500,000 in initial investment capital and entering a licensing agreement with TAP, Inc.

TAP Real Estate Technologies extended its technology license agreement with TAP, Inc. through an amendment effective March 31, 2026, pushing the expiration date to June 30, 2026. This extension allows both parties additional time to negotiate a final license agreement, which is crucial for TAP Real Estate Technologies as it relies on the licensed technology for its operations.