At a special meeting held on March 31, 2025, Two Hands Corporation shareholders ratified and approved the prior issuance of 3,000,000,000 common shares to Emil Assentato. This issuance was in exchange for the conversion of US$300,000 in outstanding convertible promissory notes.
As a result of this transaction, Mr. Assentato now holds 3,000,000,000 common shares, representing 54.85% of the company's issued and outstanding shares, constituting a change of control. Shareholders also approved authorizing the Board of Directors to amend the company's articles to effect a name change.
However, shareholders did not approve the proposed consolidation of common shares on a 1-for-20,000 basis. The rejection of this reverse stock split means the consolidation will not be completed, impacting the company's share structure.
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