---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-001588"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2022-01-11T23:59:59+00:00"
generated_at: "2026-06-27T18:54:56.312131+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cuentas signs binding LOI to acquire SDI Group assets for $3.2M

## Summary
- Purchase price $3.2M; $2M escrowed immediately, $1.2M at closing; proceeds to repay SBA loans of ~$4.2M.
- Acquired assets include Mango Mobile MVNO, Black Wireless MVNO, Black 011 long distance, and 31,000+ bodega distribution network.
- Seller represents 2021 combined gross revenues at least $9M; Buyer can cancel if materially less.
- Offer employment agreements to certain key employees; Owners to pay additional $1M toward SBA loans.

## SEC filing metadata
- accession: 0001213900-22-001588
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2022-01-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390022001588/0001213900-22-001588-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390022001588/ea153866-8k_cuentasinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-001588
- JSON: https://secwatch.observer/filing/0001213900-22-001588.json
- Plain text: https://secwatch.observer/filing/0001213900-22-001588.txt

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