Cuentas signs amended LOI to acquire SDI Black assets for $2.976M; Nasdaq deficiency letters over board independence

Cuentas Inc.

Asset purchase price $2.976M; definitive APA due May 8, 2022, closing by May 20, 2022.
Buyer to deposit $1M into escrow; owners also deposit $1M; total $3.976M will satisfy SBA loan.
Nasdaq deficiency letters: board not majority independent, audit committee has only 2 members.
Cure period: submit compliance plan by June 13, 2022; audit committee cure by Dec 21, 2022.
Company seeking new director candidates to regain compliance with Nasdaq Listing Rules.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.