secwatch.observer — SEC 8-K summary
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Issuer:     Cuentas Inc. (CUEN)
CIK:        0001424657
Form:       8-K
Filed at:   2023-08-18T23:59:59+00:00
Accession:  0001213900-23-069062
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cuentas receives Nasdaq deficiency notice for shareholders' equity below $2.5M
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- As of June 30, 2023, shareholders' equity was $1.471M, below the $2.5M minimum required by Nasdaq Rule 5550(b)(1).
- Company has until October 2, 2023 to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
- Company also fails alternative tests of market value of listed securities ($35M) and net income from continuing operations ($500K).
- Failure to publicly disclose receipt of deficiency letter within 4 business days may result in trading halt.
- Cuentas stock (CUEN) and warrants (CUENW) will be flagged as non-compliant on Nasdaq's website after 5 business days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023069062/0001213900-23-069062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1424657/000121390023069062/ea183902-8k_cuentas.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-069062

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