debt
confidence high
sentiment negative
materiality 0.55
Two Hands issues $94,300 convertible note to 1800 Diagonal with aggressive discount conversion
Two Hands Corp
- Principal $94,300 sold at $82,000; net proceeds $75,000 after $2,500 legal and $4,500 due diligence fees.
- Note matures Feb 1, 2026, bears 10% interest, convertible after 180 days at 75% of lowest closing bid in prior 10 trading days.
- Conversion limited to 4.99% beneficial ownership; prepayment penalties range from 115% to 125% depending on timing.
- Right of first refusal granted to 1800 Diagonal for financings up to $1M over 12 months.
- Issuance exempt from registration under Section 4(a)(2); no public offering.