Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cuentas Inc. entered into Inducement Letter with a certain holder (the “Holder”) of existing warrants valued at aggregate gross proceeds of approximately $2,033,799 (effective 2023-08-21).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- a certain holder (the “Holder”) of existing warrants
- Value
- aggregate gross proceeds of approximately $2,033,799
- Effective
- 2023-08-21
Exact text from the filing
On August 21, 2023, Cuentas Inc., a Florida corporation (the “Company”), entered into a common stock warrant exercise inducement offer letter (the “Inducement Letter”) with a certain holder (the “Holder”) of existing warrants to purchase shares of the Company’s common stock at an exercise price of $7.67 per share, issued on August 8, 2022 and warrants to purchase shares of the Company’s common stock at an exercise price of $17.16 per share issued on February 8, 2023 (together, the “Existing Warrants”), pursuant to which the Holder agreed to exercise for cash its Existing Warrants to purchase an aggregate of 616,303 shares of the Company’s common stock, at a reduced exercised price of $3.30 per share, in consideration for the Company’s agreement to issue new warrants (the “Inducement Warrants”) having terms as described below, to purchase up to 1,232,606 shares of the Company’s common stock (the “Inducement Warrant Shares”).
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