Quantum X Inc 8-K, filed Dec 2, 2022
Quantum X Inc. (QUTX)
About this 8-K
Quantum X Inc filed this 8-K on December 2, 2022, reporting on events of December 1, 2022.
Items reported
- Item 1.01: Entered into a material agreement
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Section 1 - Registrant’s Business and Operations
Item 1.01. Entry into a Material Definitive Agreement
On October 6, 2022, Two Hands Corporation (the “Company”), entered into a Series E Preferred Stock Purchase Agreement (the “Agreement”) with 1800 Diagonal Lending LLC (the “Buyer”). Pursuant to the Agreement, the Company agreed to sell to Buyer 169,675 shares of its Series E Preferred Stock at a purchase price of $154,250.
On December 1, 2022, the Company paid the Buyer $189,182 in cash to redeem 169,675 shares of Series E Preferred Stock. As of December 2, 2022, pursuant to the terms of the Agreement, the Buyer has returned to the Company’s treasury the 169,675 shares of Series E Preferred Stock. Any shares reserved in favor of the Buyer in connection with the Series E Preferred Stock may be released.
The terms and foregoing description of the Agreement is qualified in its entirety by reference to the Agreement, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on October 13, 2022 and incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Document | Location | ||
| 10.1 | Series E Preferred Stock Purchase Agreement between Two Hands Corporation and 1800 Diagonal Lending LLC, dated October 6, 2022 | Form 8-K filed on October 13, 2022 | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | Filed herewith |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 2, 2022
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TWO HANDS CORPORATION
By: /s/ Nadav Elituv Chief Executive Officer |
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