Two Hands Corp Delists from Canadian Exchange to Cut Costs, Focus on US OTC
TWOH has more than doubled off its 52-week low of $0.
Summary
Two Hands Corp is voluntarily delisting its common shares from the Canadian Securities Exchange (CSE) to focus solely on its US OTC listing, with the final trading day on the CSE expected July 7, 2026. This strategic decision aims to eliminate duplicative exchange fees, reduce legal and accounting expenses, and optimize financing initiatives. The move comes as the company faces severe financial distress, including going concern warnings, zero revenue, and critically low cash balances, as highlighted in its recent 10-K and 10-Q filings. For a micro-cap company struggling for survival, these cost-saving and operational streamlining measures are material.
At the time of this announcement, TWOH was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $8M. The 52-week trading range was $0.00 to $0.01. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.