Business
Two Hands Corporation to Resume Trading Following Filing of Meeting Materials
Two Hands Corporation (CSE: TWOH.X) (OTC: TWOH) ("Two Hands" or the "Company") is pleased to announce that shares in the common stock of the Company (the "Shares") will resume trading on the Canadian Securities Exchange (the "CSE") on March 25, 2025, under the stock ticker symbol "TWOH.X". Trading of the Shares was halted on January 2, 2025, in connection with the announcement of the issuance of 3,000,000,000 Shares to Emil Assentato in consideration of the conversion of US$300,000 in outstand
About this update from Two Hands Corporation
[{"type":"text","content":"NEW YORK, March 24, 2025 /CNW/ - Two Hands Corporation (CSE: TWOH.X) (OTC: TWOH) ("Two Hands" or the "Company") is pleased to announce that shares in the common stock of the Company (the "Shares") will resume trading on the Canadian Securities Exchange (the "CSE") on March 25, 2025, under the stock ticker symbol "TWOH.X". Trading of the Shares was halted on January 2, 2025, in connection with the announcement of the issuance of 3,000,000,000 Shares to Emil Assentato in consideration of the conversion of US$300,000 in outstanding convertible promissory notes, which issuance constituted a change of control of the Company (the "Transaction"). As the Transaction is subject to disinterested shareholder approval, the Company announced a special meeting of shareholders to be held on March 31, 2025 (the "Meeting") to approve the Transaction, among other matters. In connection with the Meeting, the Company filed a management information circular on SEDAR+ on March 7, 2025 (the "Circular").","length":1077,"tagName":"p"},{"type":"text","content":"In connection with the Transaction, the Company announced its intention to exit its legacy business and pursue new business opportunities, and to date, the Company has no active business or definitive plans to enter a business. Consequently, the Company has been designated by the CSE as an inactive issuer until such time as the legacy business is resumed or a new business is initiated.","length":388,"tagName":"p"},{"type":"text","content":"Clarification of Share Consolidation Ratio","length":42,"tagName":"p"},{"type":"text","content":"At the Meeting, shareholders will be asked to consider and, if deemed appropriate, approve, the consolidation of the Shares on the basis of one (1) post-consolidation Share for every twenty thousand (20,000) pre-consolidation Shares held (the "Consolidation"). The Company would like to clarify that, as disclosed in the Circular, the special resolution approving the Consolidation authorizes the board of directors of the Company to utilize a lower consolidation ratio if desired. In light of the CSE's continued listing requirements, the actual consolidation ratio will likely be lower than the maximum consolidation ratio permitted by the special resolution. The board of direct...