secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001213900-22-045532
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cuentas raises $3M via private placement of stock and warrants at $0.71/unit
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- Gross proceeds of ~$3M from sale of 4,224,044 shares (or equivalents) and similar number of warrants to an institutional investor.
- Unit price $0.71022; common stock warrants exercisable at $0.59 per share for 5.5 years.
- Pre-funded warrants for up to 2,569,044 shares at $0.0001 exercise price included in the placement.
- H.C. Wainwright served as placement agent, receiving 7% cash fee and a 5.5-year warrant for 295,683 shares at $0.8878.
- Net proceeds earmarked for general working capital, marketing, and corporate expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022045532/0001213900-22-045532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390022045532/ea163985-8k_cuentas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-045532

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer