secwatch.observer — SEC 8-K summary
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Issuer:     Two Hands Corp (TWOH)
CIK:        0001494413
Form:       8-K
Filed at:   2026-01-02T23:59:59+00:00
Accession:  0001494413-26-000002
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 Corp issues $94,300 convertible note to Vanquish, net $75,000
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- Note matures Feb 1, 2026, carries 10% annual interest, convertible 180 days post-issue.
- Conversion price set at 75% of lowest closing bid over prior 10 trading days; beneficial ownership cap 4.99%.
- Prepayment penalty escalates from 115% (first 90 days) to 125% (days 151-180); $1,500 deduction per conversion for holder fees.
- Vanquish receives right of first refusal on financings up to $1,000,000 for 12 months post-closing.
- Note sold under Section 4(a)(2) exemption; legal and due diligence fees reduced net proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1494413/000149441326000002/0001494413-26-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1494413/000149441326000002/twohf8k12225.htm
  HTML page:      https://secwatch.observer/filing/0001494413-26-000002

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