other material
confidence high
sentiment neutral
materiality 0.65
Cuentas raises ~$4.3M via stock/warrant sale; acquires housing project interest
Cuentas Inc.
- Sold 2,123,478 shares, pre-warrants for 1,664,401 shares, and private warrants for 3,787,879 shares at $1.32 each; net proceeds ~$4.3M.
- Acquired 6% interest in Lakewood Manager (owning 86.45% of Lakewood Road affordable housing) from Core Development for 295,282 shares valued at ~$1.2M.
- Based on transactions and unaudited Q1 results, company estimates stockholders' equity at least $2.5M as of March 31, 2023.