Loan & DebtJul 14, 2026, 04:37 PM
Two Hands Corp Issues $151,800 Convertible Note
AI Summary
Two Hands Corp entered into a securities purchase agreement with Vanquish Funding Group LLC, issuing a convertible promissory note with a principal amount of $151,800. The company received net funding of $125,000 from the $132,000 purchase price after deducting legal and due diligence fees. The note matures on July 6, 2027, carries a 10% annual interest rate, and is convertible into common stock at a 75% discount to the lowest closing bid price, subject to a 4.99% beneficial ownership cap.
Key Highlights
- Two Hands Corp issued a convertible promissory note with a principal amount of $151,800.
- The note was sold to Vanquish Funding Group LLC for a purchase price of $132,000.
- The company received net funding of $125,000 after legal and due diligence fees.
- The note matures on July 6, 2027, and accrues interest at 10% per annum.
- It is convertible into common stock at 75% of the lowest closing bid price during the 10 trading days prior to conversion.
- Conversion is limited to 4.99% beneficial ownership of the company's common stock.
- The note may be prepaid at 125% during the first 180 days after issuance.
Price Impact
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