Two Hands arranges $2.35-million (U.S.) debt settlement

Executive Summary

• Two Hands Corp. has eliminated $2,352,304 (U.S.) in external debt by issuing 724,257,560 common shares, completing the extinguishment of all legacy debt since the change of control on December 30, 2024.
• The transaction materially strengthens the company's balance sheet and improves financial flexibility, allowing management to focus on future acquisition targets.

Key Details

• Debt Eliminated: $2,352,304 (U.S.)
• Consideration Issued: 724,257,560 common shares of Two Hands Corp.
• Scope: This transaction completes the total extinguishment of all legacy debt existing since the company's change of control on December 30, 2024.
• Strategic Impact: Management states the move improves financial flexibility and positions the company on a "cleaner, more stable footing" to pursue acquisition opportunities.

Notable Quotes

• Emil Assentato, CEO: "We are very pleased to be able to retire a meaningful portion of our outstanding debt and materially strengthen Two Hands's balance sheet. This step improves our financial flexibility and positions the company on a cleaner, more stable footing as we move forward."
• Emil Assentato, CEO: "Eliminating this debt gives us the flexibility to focus on acquisition targets due to our strengthened capital structure. We are now better positioned to act decisively and pursue attractive opportunities as they emerge."