SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
Date of Report (Date of earliest event reported): June 24, 2021
TWO HANDS CORPORATION
(Exact name of registrant as specified in its charter)
| Delaware | 000-56065 | 42-1770123 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
|
1035
Queensway East
Mississauga, Ontario Canada |
L4Y 4C1 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (416) 357-0399
| N/A |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Section 1 - Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On June 24, 2021, Two Hands Corporation (the “Company”), entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with SRAX, Inc. (the “Investor”). Pursuant to the Securities Purchase Agreement, the Company agreed to sell to Investor ten thousand (10,000) shares of its Series C Preferred Stock at a purchase price of one hundred dollars ($100) per share or an aggregate purchase price of one million dollars ($1,000,000) (the “Purchase Price”).
The terms and foregoing description of the Securities Purchase Agreement is qualified in its entirety by reference to the Securities Purchase Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Section 3 - Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities.
The disclosure in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02.
Item 3.03 Material Modification to Rights of Security Holders.
The disclosure in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
Section 5 - Corporate Governance and Management
Item 5.03 Amendments to Articles of Incorporation or Bylaws
In connection with the Closing of Securities Purchase Agreement, the Company will file an Amended and Restated Certificate of Designation of Series C Convertible Preferred Stock (the “Amended Certificate”) with the Delaware Secretary of State that has the effect of designating Thirty Thousand (30,000) shares of preferred stock, par value $0.001, as Series C convertible preferred stock.
The terms of the Amended Certificate is qualified in its entirety by reference to the Amended Certificate, which is filed as Exhibit 3.1 hereto and incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Document | Location | ||
| 3.1 |
Amended and Restated Certificate of Designation of Series C Convertible Preferred Stock of Two Hands Corporation |
Filed herewith | ||
| 10.1 | Securities Purchase Agreement between Two Hands Corporation and SRAX, Inc., dated June 24, 2021 | Filed herewith |
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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: July 1, 2021
|
TWO HANDS CORPORATION
By: /s/ Nadav Elituv
Chief Executive Officer |
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