Cuentas signs non-binding LOI with World Mobile; $50k deposit, targets 60,000 bodegas for network

Cuentas Inc.

Non-binding LOI with World Mobile Group to integrate fintech and mobile services; includes $50,000 refundable security deposit.
Initial network buildout targets 60,000 Cuentas-engaged bodegas as cell sites using World Mobile's sharing economy platform.
Equity/stock option agreement for World Mobile based on milestones; parties will discuss potential merger terms.
Initial participants: Cuentas Mobile, Culture, Red Pocket; roaming rate of $0.0012 per MB offered to Cuentas.
Cuentas to integrate fintech, banking, payments into World Mobile app; press release issued June 4, 2024.

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