---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-023719"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:23:03.167447+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-22-023719
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390022023719/0001213900-22-023719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390022023719/ea159329-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-023719
- JSON: https://secwatch.observer/filing/0001213900-22-023719.json
- Plain text: https://secwatch.observer/filing/0001213900-22-023719.txt

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