---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-007767"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T00:56:45.219855+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cuentas acquires 6% affordable housing stake; issues 3.8M shares (19.9% of outstanding) as consideration

## Summary
- Acquires 6% interest in 4280 Lakewood Road Manager, which holds 86.45% of 4280 Lakewood Road LLC (96-unit project in Lake Worth, FL).
- Consideration: 3,838,657 CUEN common shares (19.9% outstanding) valued at $1,195,195.
- Escrow release: seller must deliver member consent or wire $1,195,195 within 45 days; else shares returned.
- Appointed Haim Yeffet as independent director; $50k/year cash + 100k-share option (50% vest at grant, 50% at 12 months).
- Seller retains voting/consent rights on assigned interest and provides limited guaranty of purchase price.

## SEC filing metadata
- accession: 0001213900-23-007767
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023007767/0001213900-23-007767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023007767/ea172684-8k_cuentasinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-007767
- JSON: https://secwatch.observer/filing/0001213900-23-007767.json
- Plain text: https://secwatch.observer/filing/0001213900-23-007767.txt

## Key facts
- Executive change
  Haim Yeffet was appointed as director at Cuentas Inc..
  - Action: appointed
  - Role: director
  source text: On February 2, 2023, the Board appointed Haim Yeffet as director to the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023007767/0001213900-23-007767-index.htm
- Material Agreements
  Cuentas Inc. entered into Membership Interest Purchase Agreement with Core Development Holdings Corporation valued at $1,195,195 (effective 2023-02-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Core Development Holdings Corporation
  - Value: $1,195,195
  - Effective: 2023-02-03
  source text: On February 3, 2023, Cuentas, Inc. (“Cuentas” or “Buyer”) signed a Membership Interest Purchase Agreement (MIPA) with Core Development Holdings Corporation (“Core” or “Seller”), a Florida corporation that holds approximately 29.3% of 4280 Lakewood Road Manager, LLC (“Lakewood Manager”), which in turn owns 86.45% of the membership interests in 4280 Lakewood Road, LLC (“4280 Project”), an affordable multi-family real estate project located in Lake Worth, Florida.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023007767/0001213900-23-007767-index.htm

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