secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2022-06-27T23:59:59+00:00
Accession:  0001213900-22-035249
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cuentas receives Nasdaq delisting notice for bid price below $1.00
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- Nasdaq notified Cuentas on June 21, 2022 that closing bid price was below $1.00 for 31 consecutive business days, violating Rule 5550(a)(2).
- Company has 180 days, until December 19, 2022, to regain compliance by achieving bid price >= $1.00 for 10 consecutive business days.
- If not compliant by December 19, 2022, Cuentas may be eligible for an additional 180-day grace period if it meets other listing standards.
- Failure to regain compliance could lead to delisting from Nasdaq Capital Market; the company may appeal any delisting determination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022035249/0001213900-22-035249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022035249/ea162148-8k_cuentas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-035249

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