---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-069652"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:32:08.039965+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cuentas receives ~$2M from warrant exercise; issues new warrants for 1.23M shares

## Summary
- Holder exercises 616,303 existing warrants at reduced price of $3.30/share, down from $7.67 and $17.16.
- Gross proceeds expected to be ~$2,033,799 before fees.
- Company issues Inducement Warrants to purchase up to 1,232,606 shares at $3.30, expiring in 5.5 years.
- H.C. Wainwright receives 7% cash fee plus Placement Agent Warrants for 43,141 shares at $4.455.
- Proceeds used for general corporate and working capital; closing expected August 24, 2023.

## SEC filing metadata
- accession: 0001213900-23-069652
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069652/0001213900-23-069652-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069652/ea183903-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-069652
- JSON: https://secwatch.observer/filing/0001213900-23-069652.json
- Plain text: https://secwatch.observer/filing/0001213900-23-069652.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390023069652/0001213900-23-069652-index.htm

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