Two Hands Corporation (OTCMKTS:TWOH) on September 21, 2021, confirmed on closing $400,000 in Series D funding. NadavElituv, Chief Executive Officer, said that the company is moving ahead with the CSE listing and is prioritizing the funds for quick growth areas in the business. Elituv added that the listing will enable the firm to tap a larger pool of institutional investors who believe in its business model.
The CEO added that the funding will enable the company to expand both wholesale as well as retail operations besides the market partners. The Series D funding is a significant step in strengthening its balance sheet and building shareholder value.
The firm also announced closing $1,000,000 in Series D funding. CEO NadavElituv said that the addition of $1,000,000 in cash to its balance sheet is critical to move ahead with CSE listing. The listing will ensure the execution of growth plans over the next year. Furthermore, he said that Two Hands Corporation continues to build fresh relationships allowing it to grow its food distribution network in Ontario, Canada.
The funding and support of accredited investors is a significant step for the business and it is on track to re-file by October end and add to shareholder value.
On Wednesday, TWOH stock ended flat at $0.0029 with more than 178.46 million shares, compared to its average volume of 165.06 million shares. The stock has moved within a range of $0.0027 – 0.0030 after opening the trade at $0.0030.