Original News Release
Two Hands arranges $2.35-million (U.S.) debt settlement
Mr. Emil Assentato reports
TWO HANDS CORPORATION ANNOUNCES FINANCIAL UPDATE
Two Hands Corp. has taken steps to improve its balance sheet by eliminating external debt in the amount of $2,352,304 (U.S.) by the issuance of 724,257,560 common shares of Two Hands. This debt elimination completes the total extinguishment of all legacy debt existing since the change of control of the company on Dec. 30, 2024.
Emil Assentato, chief executive officer of Two Hands, commented: "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."
Mr. Assentato continued: "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."
About Two Hands Corp.
Two Hands is a publicly traded company operating across the Canadian and United States markets. Along with existing activities Two Hands is focused on multivertical opportunities related to digital assets, fintech ventures as well as exploitation of intellectual property investments. Two Hands remains committed to operational excellence, customer satisfaction and long-term value creation.
We seek Safe Harbor.
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