Two Hands Corp Secures Another Highly Dilutive Convertible Note for $80,000 Net Funding

summarizeSummary

Two Hands Corp obtained $80,000 in net funding through a new convertible promissory note with highly dilutive conversion terms, marking a continuation of aggressive financing to support operations.

check_boxKey Events

• New Convertible Note Issued

  Two Hands Corp sold a convertible promissory note with a principal amount of $100,050 to Vanquish Funding Group LLC.

• Net Funding Received

  The company received $80,000 in net proceeds after deducting legal and due diligence fees.

• Highly Dilutive Conversion Terms

  The note is convertible at 75% of the lowest closing bid price over the 10 trading days prior to conversion, indicating significant potential dilution.

• High Prepayment Penalties

  The note includes substantial prepayment penalties ranging from 115% to 125% of the outstanding amount.

auto_awesomeAnalysis

Two Hands Corp has entered into another highly dilutive financing agreement, securing $80,000 in net proceeds from a convertible promissory note. This follows a similar financing event earlier this month, indicating a continuous need for capital. The conversion terms, allowing conversion at 75% of the lowest bid price over a 10-day period, are extremely unfavorable and will result in substantial dilution for existing shareholders. The high prepayment penalties further underscore the lender's strong position. This pattern of financing suggests ongoing financial challenges and places significant downward pressure on the stock.