Two Hands Corporation Files Material Change Report Regarding Recent Corporate Developments

Rhea-AI Summary

Two Hands Corporation (TWOH) has filed a material change report addressing corporate developments from December 2024 to February 2025, following a request from the Ontario Securities Commission (OSC) staff during a continuous disclosure review. The report covers events from December 30, 2024, January 10, 2025, and February 25, 2025, which were initially announced on January 17, 2025. The filing aims to enhance the company's disclosure record. Additionally, the company announced a significant management change, with Andrew Kucharchuk resigning from his positions as Chief Financial Officer and director, replaced by Matthew Stark in both roles, effective February 25, 2025.

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• None.

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• Required to file material change report at OSC's request following continuous disclosure review, indicating potential disclosure compliance issues
• CFO and director Andrew Kucharchuk resigned from the company

NEW YORK, June 12, 2025 /PRNewswire/ - Two Hands Corporation (CSE: TWOH.X) (OTC: TWOH) ("Two Hands" or the "‎‎Company") is announces today that it has filed a material change report with respect to the corporate developments which occurred on December 30, 2024, January 10, 2025 and February 25, 2025 and were previously announced on January 17, 2025 (the "Material Change Report"). The Material Change Report was filed at the request of Staff of the Ontario Securities Commission (the "OSC") in connection with a continuous disclosure review by Staff of the OSC and in order to improve the Company's disclosure record. The Material Change Report can be found on the Company's SEDAR+ profile at www.sedarplus.ca.

The Company also announces that effective February 25, 2025, Andrew Kucharchuk has resigned as Chief Financial Officer and as a director of the Company. Matthew Stark was appointed Chief Financial Officer and as a director of the Company concurrently with Mr. Kucharchuk's resignation.

About Two Hands Corporation

Two Hands has been active in the Food Retail and Distribution Service Industry (SIC Code 7389) for several years, focusing on the Consumer Non-Cyclical sector. The Company is dedicated to providing quality products and services to meet the needs of its customers.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially affect such forward-looking information are described under the heading "Risk Factors" in the Company's final long-form prospectus dated April 21, 2022, that is available on the Company's profile on SEDAR+ at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements' best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please visit www.twohands.ca.

View original content:https://www.prnewswire.com/news-releases/two-hands-corporation-files-material-change-report-regarding-recent-corporate-developments-302480241.html

SOURCE Two Hands Corporation

FAQ

What changes were announced in Two Hands Corporation (TWOH) management?

On February 25, 2025, Andrew Kucharchuk resigned as CFO and director, and Matthew Stark was appointed as the new CFO and director of Two Hands Corporation.

Why did Two Hands Corporation (TWOH) file a material change report?

Two Hands filed the material change report at the request of the Ontario Securities Commission staff during a continuous disclosure review to improve the company's disclosure record.

What period does TWOH's material change report cover?

The material change report covers corporate developments from December 30, 2024, January 10, 2025, and February 25, 2025, which were previously announced on January 17, 2025.

Where can investors find Two Hands Corporation's material change report?

The material change report can be found on Two Hands Corporation's SEDAR+ profile at www.sedarplus.ca.