---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-001515"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-01-09T23:59:59+00:00"
generated_at: "2026-06-20T17:39:13.409538+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cuentas to issue 33.3% of diluted shares for $2M interest in Lakewood affordable housing project

## Summary
- Binding LOI signed with Core Development Holdings to buy a portion of its 29.3% stake in 4280 Lakewood Road Manager, LLC.
- Purchase price of $2 million payable in Cuentas common shares equal to 33.3% of fully diluted shares (~10M of 30M shares).
- Exact interest acquired will be set by independent appraisals; closing targeted within 30 days of LOI.
- Transaction subject to board and shareholder approval, due diligence, and consent of Lakewood Manager.

## SEC filing metadata
- accession: 0001213900-23-001515
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-01-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023001515/0001213900-23-001515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023001515/ea171354-8k_cuentasinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-001515
- JSON: https://secwatch.observer/filing/0001213900-23-001515.json
- Plain text: https://secwatch.observer/filing/0001213900-23-001515.txt

## Key facts
- Material Agreements
  Cuentas Inc. entered into Binding Letter of Intent with Core Development Holdings Corporation valued at $2,000,000 (effective 2023-01-05).
  - Action: entry
  - Counterparty: Core Development Holdings Corporation
  - Value: $2,000,000
  - Effective: 2023-01-05
  source text: On January 5, 2023, Cuentas, Inc. (“Cuentas”) signed a Binding Letter of Intent with Core Development Holdings Corporation (“Core”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023001515/0001213900-23-001515-index.htm

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