---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-023897"
form_type: "8-K"
ticker: "CUEN"
cik: "0001424657"
company_name: "Cuentas Inc."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:30:01.446588+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WMG converts $260K notes into 18.5% Cuentas stake; gets board veto rights

## Summary
- World Mobile Group converts $260K promissory notes into 1,277,018 shares, ~18.5% of Cuentas.
- Side Letter grants WMG veto over major actions including equity/debt issuances and M&A.
- Spectrum judgment settled for $650K: $350K cash + 600,000 shares valued at $300K.
- P.W. Janssen invests $300K for 714,286 shares and 5-year warrant at $0.42/sh.
- Cuentas and WMG jointly own World Mobile LLC; WMTx token daily avg volume exceeds 1.5B.

## SEC filing metadata
- accession: 0001213900-26-023897
- form_type: 8-K
- ticker: CUEN
- cik: 0001424657
- company_name: Cuentas Inc.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1424657/000121390026023897/0001213900-26-023897-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1424657/000121390026023897/ea027987401-8k_cuentas.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-023897
- JSON: https://secwatch.observer/filing/0001213900-26-023897.json
- Plain text: https://secwatch.observer/filing/0001213900-26-023897.txt

## Key facts
- Material Agreements
  Cuentas Inc. entered into Securities Purchase Agreement with P.W. Janssen valued at $300,000 (effective 2026-02-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: P.W. Janssen
  - Value: $300,000
  - Effective: 2026-02-26
  source text: On February 26, 2026, the Company entered into a Securities Purchase Agreement with P.W. Janssen (“Janssen”), pursuant to which the Company issued and sold to Janssen 714,286 share of the Company’s common stock (the “Shares”), and a five-year warrant to purchase up to 714,286 additional shares of common stock (the “Warrant”) , for aggregate gross proceeds of $300,000 ($0.42 per unit).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390026023897/0001213900-26-023897-index.htm
- Material Agreements
  Cuentas Inc. entered into Confidential Conditional Satisfaction Agreement with Spectrum Intelligence Communications Agency, LLC valued at $650,000 (effective 2026-02-24).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Spectrum Intelligence Communications Agency, LLC
  - Value: $650,000
  - Effective: 2026-02-24
  source text: On February 24, 2026, Cuentas, Inc. (the “Company”) entered into a Confidential Conditional Satisfaction Agreement (the “Satisfaction Agreement”) with Spectrum Intelligence Communications Agency, LLC (“Spectrum”) relating to a judgment entered against the Company in the matter styled Spectrum Intelligence Communications Agency, LLC v. Limecom, Inc., Case No. 2018-027150-CA-01, in the Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390026023897/0001213900-26-023897-index.htm
- Material Agreements
  Cuentas Inc. entered into Side Letter with World Mobile Group Ltd. (effective 2026-03-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: World Mobile Group Ltd.
  - Effective: 2026-03-01
  source text: On March 1, 2026, the Company entered into a Side Letter (the “Side Letter”) with World Mobile Group Ltd. (“WMG”) in connection with and as a side arrangement to the Convertible Note Purchase Agreement and convertible promissory notes previously issued by the Company to WMG.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1424657/000121390026023897/0001213900-26-023897-index.htm

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