{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-101868","form_type":"8-K","ticker":"CUEN","cik":"0001424657","company_name":"Cuentas Inc.","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.379777+00:00","generated_at":"2026-05-17T02:19:27.089850+00:00","sec_items":["1.01","2.03","3.02","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cuentas CFO Michael De Prado departs; company issues $1.6M in convertible notes","bullets":["Michael De Prado resigned as President, EVP and CFO effective Oct 21; receives $110K cash and $673K in secured notes.","CEO Shalom Arik Maimon appointed interim CFO; board to search for permanent CFO.","Issued $385K convertible notes to World Mobile Group; proceeds used for separation costs and SEC filings.","Insider notes of $1.007M issued Oct 17 to Maimon, Schulman, AM Law; convertible at $0.42/share; 50% already converted.","De Pardo notes are secured by first-priority lien on Fintech (non-MVNO) assets; separation includes mutual releases."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-101868","json":"https://secwatch.observer/filing/0001213900-25-101868.json","markdown":"https://secwatch.observer/filing/0001213900-25-101868.md","text":"https://secwatch.observer/filing/0001213900-25-101868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1424657/000121390025101868/0001213900-25-101868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1424657/000121390025101868/ea0262066-8k_cuentas.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:19:27.089850+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"582f6bc148add7049db60d2a11677d2f834b1242","claim":"Cuentas Inc. incurred loan of $473,000 and $200,000 with Michael De Prado at 2% cash interest; no cash interest unless default; 8% default maturing upon the earlier of a qualified financing of at least $2,000,000 or one year from issuance; first anniversary of issuance.","evidence_excerpt":"The De Prado Note One ($473,000, 2% cash interest; optional conversion at $0.42 per share; piggyback rights) and Note Two ($200,000, no cash interest unless default; 8% default) are secured by first-priority liens on the Company’s Fintech (non-MVNO) assets under separate security agreements.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424657/000121390025101868/0001213900-25-101868-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$473,000 and $200,000"},{"label":"Counterparty","value":"Michael De Prado"},{"label":"Rate","value":"2% cash interest; no cash interest unless default; 8% default"},{"label":"Maturity","value":"upon the earlier of a qualified financing of at least $2,000,000 or one year from issuance; first anniversary of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c5fe46eca4353cc01d35deffc2e1cc7ec1baf02a","claim":"Cuentas Inc. incurred convertible notes of three unsecured notes with Shalom Arik Maimon, Schulman, and AM Law at 2% interest; 15% interest in case of default.","evidence_excerpt":"On October 17, 2025, the Company also became obligated under the three unsecured notes issued to Mr. Maimon, Schulman and AM Law described under Item 1.01 above (each 2% interest; 15% interest in case of default; optional conversion at $0.42 per share; piggyback rights).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424657/000121390025101868/0001213900-25-101868-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"three unsecured notes"},{"label":"Counterparty","value":"Shalom Arik Maimon, Schulman, and AM Law"},{"label":"Rate","value":"2% interest; 15% interest in case of default"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e31c867535eaa23297f14de1f7b2865691753647","claim":"Cuentas Inc. incurred convertible notes of aggregate principal $385,000 with World Mobile Group Ltd..","evidence_excerpt":"The Company’s obligations under the WM Notes (aggregate principal $385,000, convertible pursuant to their terms) constitute direct financial obligations of the Company as of September 22, 2025 and October 1, 2025, respectively.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1424657/000121390025101868/0001213900-25-101868-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal $385,000"},{"label":"Counterparty","value":"World Mobile Group Ltd."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}