debt
confidence high
sentiment neutral
materiality 0.45
Two Hands Corp issues $100K convertible note to Vanquish Funding at 10% interest
Two Hands Corp
- Principal $100,050; purchase price $87,000; net proceeds $80,000 after $2,500 legal and $4,500 diligence fees.
- Matures Oct 15, 2026; 10% annual interest; convertible after 180 days at 75% of lowest closing bid price in prior 10 trading days.
- Prepayment penalties: 115% within 90 days, 120% days 91-150, 125% days 151-180.
- Vanquish granted right of first refusal on financings up to $1M for 12 months; conversion capped at 4.99% beneficial ownership.
- Note issued under Section 4(a)(2) exemption; no general solicitation; accredited investor.