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

View on SEC.gov

Browse all m&a transactions →

Cuentas Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-048144

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.