secwatch.observer — SEC 8-K summary
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Issuer:     Two Hands Corp (TWOH)
CIK:        0001494413
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001262463-25-000111
Event type: debt
Sentiment:  negative
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two Hands issues $94,300 convertible note to 1800 Diagonal with aggressive discount conversion
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494413/000126246325000111/0001262463-25-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494413/000126246325000111/twoh8k52025.htm
  HTML page:      https://secwatch.observer/filing/0001262463-25-000111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer