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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

   

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Act of 1934

  

Date of Report (Date of earliest event reported): June 2, 2021

  

TWO HANDS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware 000-56065 42-1770123
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
     
1035 Queensway East, Mississauga,
Ontario, Canada
  L4Y 4C1
(Address of Principal Executive Offices)   (Zip Code)

  

Registrant's telephone number, including area code: (416) 357-0399

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

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Section 1 - Registrant’s Business and Operations 

Item 1.01. Entry into a Material Definitive Agreement

 

On May 27, 2021, Two Hands Corporation (the “Company”), entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with Geneva Roth Remark Holdings, Inc. (the “Buyer”), pursuant to which the Company issued to the Buyer a Convertible Promissory Note (the “Note”) in the aggregate principal amount of $78,750. The Note was funded on June 2, 2021 and has a maturity date of May 27, 2022 and the Company has agreed to pay interest on the unpaid principal balance of the Note at the rate of eight percent (8%) per annum from the date on which the Note is issued (the “Issue Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Pursuant to the terms of the Note, the outstanding principal and accrued interest on the Note shall be convertible into shares of the Company’s common stock as set forth therein. The foregoing descriptions of the Note and the Securities Purchase Agreement and of all of the parties’ rights and obligations under the Note and the Securities Purchase Agreement are qualified in its entirety by reference to the Note and the Securities Purchase Agreement, copies of which are filed as Exhibits 10.1 and 10.2 respectively to this Current Report on Form 8-K, and of which are incorporated herein by reference.

 

Section 2 - Financial Information  

Item 2.03 Creation of a Direct Financial Obligation or and Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

The disclosure in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

 

Section 3 - Securities and Trading Markets  

Item 3.02 Unregistered Sales of Equity Securities

 

The disclosure in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.

 

Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Document   Location
10.1

 

  Convertible Promissory Note, dated May 27, 2021, by and between Two Hands Corporation and Geneva Roth Remark Holdings, Inc.   Filed herewith
10.2   Securities Purchase Agreement, dated May 27, 2021, by and between Two Hands Corporation and Geneva Roth Remark Holdings, Inc.   Filed herewith

   

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 4, 2021

 

TWO HANDS CORPORATION

 

By: /s/ Nadav Elituv
Nadav Elituv

Chief Executive Officer

 

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