Two Hands Corp Lands $125K via Toxic Convertible Note with Deep-Discount Conversion
TWOH has more than doubled off its 52-week low of $0.
Summary
Two Hands Corp raised $125,000 in net proceeds through a convertible note carrying a 25% discount-to-market conversion feature—a toxic financing structure that could massively dilute existing shareholders, given the company's zero-revenue, going-concern status.
Key Events · Financing and Capital Events · TWOH
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Toxic Convertible Note Issued
Two Hands Corp sold a $151,800 convertible note to Vanquish Funding Group for $132,000, yielding net proceeds of $125,000 after fees. The note matures on July 6, 2027, and carries 10% annual interest.
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Deep Discount Conversion Feature
Conversion is set at 75% of the lowest closing bid price over the 10 trading days prior to conversion—a 25% discount to market. With the stock at $0.0017, this mechanism could trigger massive share issuance and extreme dilution.
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Financial Distress Context
The company has zero revenue, a going-concern warning, and a critically low cash balance per its latest 10-Q. Although this financing provides short-term liquidity, it underscores a precarious financial position.
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Right of First Refusal on Future Financings
Vanquish secured a right of first refusal on any financings up to $1 million over the next 12 months, potentially locking the company into similarly toxic terms for future capital needs.
Analysis · TWOH · Trade & Services
Already carrying a going-concern warning and zero revenue, Two Hands Corp has entered into a convertible note with Vanquish Funding Group that embeds a 25% discount to market on conversion—a structure notorious for triggering heavy dilution as the holder converts and sells shares. With the stock trading at $0.0017, the conversion price could sink to fractions of a cent, potentially unleashing billions of new shares. While the deal provides immediate cash, it also signals acute financial distress and a readiness to accept severely dilutive terms.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TWOH was trading at $0.00 on OTC in the Trade & Services sector, with a market capitalization of approximately $11.3M. The 52-week trading range was $0.00 to $0.01. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.