Cuentas Inc. (CUEN): M&A transaction — Cuentas forms JV with World Mobile, sells Brooksville stake for $800K, settles $454K judgment

Cuentas Inc.

Formed World Mobile LLC JV; Cuentas contributes MVNO (valued $600K) for 51% stake, but 85% of JV profits go to World Mobile Group.
Sold 63.9% Class B interest in Brooksville Development Partners for $800K; proceeds to settle four outstanding judgments/debts.
Settled $453,856.68 judgment with Crosshair Media Placement; CEO and President provided joint personal guaranty for payment.
Settled $112,500 with 1800 Diagonal Lending, $28,000 with Alexandra Calicchio, and $60,000 with EAdvance Services.
Cuentas assigned PLUM MVNO contract to JV; side letter grants Cuentas management of certain brands with 85% profit share.

item 1.01 item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

Cuentas Inc. completed a disposition involving Brooksville FL Partners, LLC for $800,000 (closed 2025-05-22).

Action: disposition
Counterparty: Brooksville FL Partners, LLC
Consideration: $800,000
Closing: 2025-05-22

Exact text from the filing

limited liability company (“Buyer”), which already held a minority stake in Brooksville. The Buyer purchased Cuentas’ 63.9% Class B Membership Interests in Brooksville for $800,000. From the proceeds, Cuentas will effectuate settlements on four outstanding judgments or debts. Holders of one judgment and one debt will be disbursed directly by the escrow

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-048144

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