Two Hands Corporation Provides Update on Change of Business Application

The most recent release (2026-06-12) discloses that Two Hands Corporation is in default of Canadian Securities Exchange listing requirements because its planned Change of Business (COB) from food to technology/AI has not been properly documented. The company must file a CSE‑approved Listing Statement by June 15, 2026 to avoid potential suspension or other punitive action. Management states that common shares remain actively listed and trading, and it expects to meet the deadline and avert punitive measures.

The news carries a materially negative impact. Being in default of exchange rules just days before a suspension deadline signals serious regulatory risk and management’s inability to execute the COB in a timely manner. While management expresses confidence, the previous materials were deemed inadequate, and the company now faces a hard deadline. Even if the filing is made, the underlying financial condition — zero revenue, a $2.4 million working‑capital deficit, negative equity, and a going‑concern warning — remains unchanged. For a stock already trading at $0.00 most days, the news reinforces that the company is in a precarious position with an immediate catalyst for delisting or suspension.

Two Hands Corporation originally operated a food‑distribution business (Cuore Food Services), which has been dormant for at least five quarters, generating zero revenue. The company is trying to execute a Change of Business into technology, with recent announcements involving AI character‑creation (ON GRAPH), IPTV channel sales, quantum‑computing education (EntangleX), and a digital‑asset treasury strategy. However, none of these initiatives have produced revenue, and the company has no product sales.