Two Hands Corporation Announces AI Business Update and Financial Update

Core Insights - Two Hands Corporation is undergoing a strategic transformation to focus on AI and mobile app technology, targeting high-growth markets in India and Southeast Asia [1][3] - The company has invested US$500,000 in ON GRAPH, an AI platform for character creation and companion experiences, which will integrate with popular messaging apps like WhatsApp and Telegram [2][3] Company Developments - Two Hands has partnered with a 150-person AI and technology development center in Delhi, which has a strong track record of delivering over 1,000 projects to more than 500 global customers [2] - The merger of the platform's intellectual property and software applications into Two Hands is expected to conclude by the first quarter of 2026 [2] Financial Restructuring - The company eliminated external debt totaling US$2,352,304 by issuing 724,257,560 common shares, completing the extinguishment of all legacy debt since the change of control on December 30, 2024 [4] - An additional US$850,972 of debt was eliminated through the issuance of 170,194,403 common shares related to a Line of Credit Agreement [4] Share Cancellation - Two Hands initiated the cancellation of 77,627,224 common shares issued in error, correcting the capital structure and returning the share count to its intended level [5][6] - Following the cancellation, the total number of issued and outstanding common shares will be 6,423,882,467 [6] Purchase Agreements - The company entered into three purchase agreements with Vanquish Funding Group Inc., involving convertible promissory notes with a total principal amount of US$309,350, accruing interest at 10% per annum [10]