Two Hands Corporation

12/03/2021 | Press release | Distributed by Public on 12/03/2021 09:16

Material Definitive Agreement - Form 8-K


Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the

Securities Act of 1934

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


(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, OntarioCanada
L4Y 4C1
(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 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 1, 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 were filed as Exhibits 10.1 and 10.2 respectively to the Company's Current Report on Form 8-K filed on June 4, 2021.

As of December 2, 2021, the Company has repaid the Note holder all outstanding principal and accrued unpaid interest under the Note, constituting approximately $81,900 in cash by issuing 67,461,539 shares of the Company's common stock at a fair value of $105,985.

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.



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: December 3, 2021


By: /s/ Nadav Elituv
Nadav Elituv

Chief Executive Officer