Two Hands Announces Proposed Reverse Stock Split
Toronto, Ontario--(September 27, 2023) - Two Hands Corporation. (CSE: TWOH) ("Two Hands" or the "Company") is pleased to announce it has filed a certificate of amendment with the State of Delaware to consolidated its issued and outstanding common shares (the "Common Shares") in the capital of the Company on a one (1) post-consolidation Common Share for every one thousand (1,000) pre-consolidation Common Shares (the "Consolidation").
In relation to the Consolidation, the Company has obtained a new CUSIP (90187E501). There is no name change or stock symbol change in connection with the Consolidation.
The Consolidation is subject to the approval of the Canadian Securities Exchange (the "CSE"). The Company's common shares are expected to commence trading on the CSE on a consolidated basis on or about market open on Friday, September 29, 2023, under the Company's existing symbol "TWOH".
The Consolidation will reduce the number of outstanding Common Shares from 1,330,458,548 to approximately 1,330,458. The exercise or conversion price and the number of Common Shares issuable under any of the Company's outstanding stock options will be proportionately adjusted to reflect the Consolidation in accordance with the respective terms thereof. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional shares that would have otherwise been issued will be rounded up to the nearest whole number.
About the Company
Two Hands Corporation, (OTC Pink: TWOH) is a food distribution company operating under the Cuore Food Services brand. Please visit our website at www.twohandsgroup.com.
