Two Hands entered into a securities purchase agreement with Vanquish Funding Group for a $151,800 convertible promissory note, receiving $125,000 in net proceeds. The note, purchased for $132,000, bears 10% interest and is convertible after 180 days at 75% of the lowest closing bid over the prior 10 trading days, subject to a 4.99% ownership cap. Vanquish may deduct $1,500 per conversion for deposit fees, and the note is prepayable at 125% within 180 days. The transaction closed on July 8, 2026.
Agreement details:
- Agreement type: Securities purchase agreement for convertible promissory note financing
- Counterparty: Vanquish Funding Group
- Signed / Effective: Jul 06 2026 / Jul 08 2026
- Duration / Termination: 1 year (matures Jul 06 2027)
- Reason: Enhance liquidity and working capital
Original SEC Filing:
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