---
schema_version: "secwatch.filing_event.v1"
accession: "0001013762-23-004956"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:23:37.797646+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001013762-23-004956
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000101376223004956/0001013762-23-004956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000101376223004956/ea186951-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-004956
- JSON: https://secwatch.observer/filing/0001013762-23-004956.json
- Plain text: https://secwatch.observer/filing/0001013762-23-004956.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.