Current Report Filing (8-k)
March 15 2019 - 4:29PM
Edgar (US Regulatory)
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): March 12, 2019
TWO
HANDS CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
|
333-167667
|
42-1770123
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
33
Davies Ave
Toronto, Ontario Canada
|
M4M
2A9
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant's telephone number,
including area code:
(416) 357-0399
(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.
☐
Section
1 - Registrant’s Business and Operations
Item
1.01 Entry into a Material Definitive Agreement
On
March 1, 2019, Two Hands Corporation (the “Company”) entered into a Securities Purchase Agreement
(the “SPA”) with Firstfire Global Opportunities Fund, LLC, a Delaware limited liability company
(the “Buyer”), relating to the issuance and sale of (i) a Senior Convertible Note (the “Note”) of
$200,000 in principal amount including $180,000 actual payment of purchase price with interest accruing on the outstanding
principal amount of the Note at the rate of 7% per annum with accrual commencing on the date that the Note is fully funded
and shall be computed on the basis of a 365-day year and the actual number of days elapsed. Any principal amount or interest
which is not paid when due shall bear interest at the rate of 15% per annum from the due date until the same is paid, the
Note matures on September 1, 2020, and (ii) a Common Stock Purchase Warrant (the “Warrant”) to purchase
1,0000,000 shares of common stock of the Company, par value per share $0.0001 with an exercise price of $0.20 per share, to
Buyer, in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the
Securities Act of 1933, as amended (the “Securities Act”) and/or Rule 506 of Regulation D as promulgated by the
United States Securities and Exchange Commission under the Securities Act. On March 12, 2019, the Company received $180,000
from Buyer.
The
foregoing descriptions of the SPA, Note and Warrant is only a summary of their material terms, does not purport to be complete
and is qualified in its entirety by reference to such documents. A copy of the SPA, Note and Warrant is filed as Exhibit 10.1,
Exhibit 10.2 and Exhibit 10.3 to this current report on Form 8-K.
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
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10.1
|
|
Securities Purchase Agreement, by and between Two Hands Corporation and Firstfire Global Opportunities Fund, LLC dated, March 1, 2019.
|
|
Filed
herewith.
|
10.2
|
|
Senior Convertible Promissory Note, by and between Two Hands Corporation and Firstfire Global Opportunities Fund, LLC dated, March 1, 2019.
|
|
Filed
herewith.
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10.3
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Common Stock Purchase Warrant Agreement by and between Two Hands Corporation and Firstfire Global Opportunities Fund, LLC dated, March 1, 2019.
|
|
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: March 15, 2019
TWO HANDS CORPORATION
By:
/s/ Nadav Elituv
Nadav Elituv
Chief Executive Officer
|
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