secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001213900-23-009131
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cuentas raises ~$5M gross in registered direct offering and private placement
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- Sold 2,123,478 shares and pre-funded warrants for 1,664,401 shares at combined price of $1.32 per unit.
- Issued warrants to purchase 3,787,879 shares exercisable at $1.335 per share, starting six months after issuance.
- Net proceeds expected ~$4.3M after placement agent fees and expenses; funds for general corporate purposes and working capital.
- Placement agent H.C. Wainwright receives 7% cash fee and warrants to purchase 265,152 shares at $1.782 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023009131/0001213900-23-009131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023009131/ea172899-8k_cuentasinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-009131

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