Cuentas faces default notice from CIMA over $700K unpaid fees; cure runs through July 24

Cuentas Inc.

CIMA Telecom issued default notice on May 25, 2022, alleging $700,000 in unpaid maintenance and pass-through fees under License Agreement.
Cuentas has 60-day cure period ending July 24, 2022; company disputes the amount owed.
Parties are in active discussions to resolve; no litigation has been filed as of July 8, 2022.
License Agreement involves Cuentas, CIMA Telecom, Knetik, Inc., and Auris, LLC covering platform exclusivity.

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