Cuentas to issue 50% of its shares to acquire 75% of World Health Energy Holdings (WHEN)

Cuentas Inc.

Cuentas will exchange shares representing 50% of its fully diluted common stock for UCG, Inc.'s 75% stake in WHEN (OTC:WHEN).
Closing contingent on Nasdaq approval (including equity-requirement extension to April 2024), Cuentas shareholder vote, and an independent appraisal.
Upon closing, Cuentas board expands to nine members; UCG and Cuentas each designate two directors, with five independent nominees.
Giora Rozensweig (WHEN interim CEO) to become co-Executive Chairman; Major Gen. (Ret.) Danny Yatom to join board and management.
Companies aim to close by Dec 15, 2023; 45-day due diligence period to negotiate definitive agreement.

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