---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-030913"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-04-19T23:59:59+00:00"
generated_at: "2026-06-16T23:31:20.183723+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cuentas enters JV for 364-unit multifamily development; commits $2M to escrow

## Summary
- Cuentas signed operating agreement as Class B Member in Brooksville Development Partners LLC on April 13, 2023.
- Initial capital contribution of $2M placed in escrow to fund land purchase; funds returned if closing fails within 60 days.
- JV targets development and sale of ~364-unit residential apartment community in Florida.
- Addendum clarifies $2M is not a forfeitable deposit under the purchase and sale agreement.
- Additional capital contributions may be required after land closing; Members can opt out and sell land.

## SEC filing metadata
- accession: 0001213900-23-030913
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023030913/0001213900-23-030913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023030913/ea177171-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-030913
- JSON: https://secwatch.observer/filing/0001213900-23-030913.json
- Plain text: https://secwatch.observer/filing/0001213900-23-030913.txt

## Key facts
- Material Agreements
  Cuentas Inc. entered into OPERATING AGREEMENT for Brooksville Development Partners, LLC with Brooksville Development DE, LLC; Brooksville FL Partners, LLC valued at $2,000,000.00 (effective 2023-04-13).
  - Action: entry
  - Counterparty: Brooksville Development DE, LLC; Brooksville FL Partners, LLC
  - Value: $2,000,000.00
  - Effective: 2023-04-13
  source text: On April 13, 2023, Cuentas, Inc. (“Cuentas”) signed an OPERATING AGREEMENT for Brooksville Development Partners, LLC (“Company”) entered into by Brooksville Development DE, LLC (the “Class A Member”), a Delaware limited liability company and Cuentas Inc, a Florida corporation, as well as Brooksville FL Partners, LLC, a Florida limited liability company (the “Class B Members,” together with the Class A Member, collectively the “Members”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023030913/0001213900-23-030913-index.htm

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