Two Hands Corp. Files 8-K on Equity Sales, Control Changes
Ticker: TWOH · Form: 8-K · Filed: Dec 30, 2024 · CIK: 1494413
| Field | Detail |
|---|---|
| Company | Two Hands Corp (TWOH) |
| Form Type | 8-K |
| Filed Date | Dec 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $300,000, $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, change-of-control, corporate-governance
TL;DR
Two Hands Corp. 8-K: Equity sales, control changes, exec moves reported Dec 26.
AI Summary
Two Hands Corp. filed an 8-K on December 30, 2024, reporting on events occurring on December 26, 2024. The filing indicates unregistered sales of equity securities, changes in control, departure/election of officers and directors, and financial statements/exhibits. Specific details regarding the nature of the unregistered sales, changes in control, or compensatory arrangements were not provided in this excerpt.
Why It Matters
This 8-K filing signals significant corporate events at Two Hands Corp., including potential equity issuances and shifts in control or leadership, which could impact its stock and future operations.
Risk Assessment
Risk Level: medium — The filing mentions unregistered sales of equity securities and changes in control, which can introduce uncertainty and potential dilution for existing shareholders.
Key Players & Entities
- Two Hands Corp. (company) — Registrant
- 000-56065 (company) — SEC File Number
- 42-1770123 (company) — IRS Employer Identification No.
- December 26, 2024 (date) — Date of earliest event reported
- December 30, 2024 (date) — Date of Report
FAQ
What was the nature of the unregistered sales of equity securities by Two Hands Corp. on December 26, 2024?
The provided excerpt of the 8-K filing indicates unregistered sales of equity securities occurred on December 26, 2024, but does not specify the details of these sales.
Were there any changes in control of Two Hands Corp. reported in the December 26, 2024 filing?
Yes, the 8-K filing dated December 30, 2024, reports that there were changes in control of the registrant on December 26, 2024.
What specific director or officer changes occurred at Two Hands Corp. on or around December 26, 2024?
The filing indicates events related to the departure of directors or certain officers, election of directors, and appointment of certain officers, as well as compensatory arrangements, occurred on December 26, 2024, but specific names and roles are not detailed in this excerpt.
When was the Form 8-K filed with the SEC, and what date does it cover?
The Form 8-K was filed on December 30, 2024, and it reports on events that occurred on December 26, 2024.
What are the primary items reported in this 8-K filing for Two Hands Corp.?
The primary items reported are unregistered sales of equity securities, changes in control of the registrant, departure/election of directors and officers, and financial statements and exhibits.
Filing Stats: 1,007 words · 4 min read · ~3 pages · Grade level 13.2 · Accepted 2024-12-30 16:12:49
Key Financial Figures
- $300,000 — to in connection with the conversion of $300,000 in outstanding notes. The shares of com
- $0.0001 — ck were issued at a conversion price of $0.0001 per share, consistent with the terms of
Filing Documents
- twoh8k1224.htm (8-K) — 33KB
- ex171.htm (EX-17) — 4KB
- ex172.htm (EX-17) — 3KB
- ex173.htm (EX-17) — 3KB
- 0001262463-24-000135.txt ( ) — 214KB
- twoh-20241226.xsd (EX-101.SCH) — 3KB
- twoh-20241226_lab.xml (EX-101.LAB) — 33KB
- twoh-20241226_pre.xml (EX-101.PRE) — 24KB
- twoh8k1224_htm.xml (XML) — 3KB
01 Changes in Control of
Item 5.01 Changes in Control of Registrant. The disclosure in Item 3.02 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01. On December 30, 2024, as a result of the closing of the above transactions, a change in control of the Company occurred. Immediately following the issuance of the shares of common stock, Mr. Assentato owned approximately 57% of the Company's issued and outstanding common stock. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers; Compensatory Arrangements of Certain Officers. On December 26, 2024, the Company accepted the resignations of Nadav Elituv as the Company's Chief Executive Officer, Secretary, Treasurer and member of the Board of Directors, Steven Gryfe as the Chief Financial Officer, Bradley Southam as a member of the Board of Directors and Ryan Wilson as a member of the Board of Directors. These resignations are effective December 30, 2024 and did not arise from any disagreement on any matter relating to the Company's operations, policies or practices, nor regarding the general direction of the Company. Effective as of December 30, 2024 Emil Assentato was appointed as Chief Executive Officer, President, Chief Financial Officer, Treasurer, Secretary and a member of the Board of Directors of the Company. The following biographical information is provided: Emil Assentato, Chief Executive Officer, President, Chief Financial Officer, Treasurer, Secretary and member of the Board of Directors Emil Assentato spent most of his significant career working for Compaigine Financier Tradition, a publicly owned company on the Geneva Exchange under the symbol CFT, in its wholly owned subsidiary Tradition North America, from August 1, 1986 through June 30, 2017. This journey included the following positions within his scope at Tradition: CEO from 1991 through 2014: Chairman 2014 through 2017; President Tradition Government Securities 1994 through 2014:
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 30, 2024 TWO HANDS CORPORATION By: /s/ Emil Assentato Emil Assentato Chief Executive Officer 3