Cuentas extends warrant expiration to Dec. 31, 2026, may cut $55.90 exercise price

Cuentas Inc.

Amended and restated warrant agency agreement extends outstanding public warrant expiration from Sept. 30, 2026 to Dec. 31, 2026; warrants void after that date.
Board may voluntarily reduce the warrant exercise price and proportionately increase shares purchasable; current price is $55.90 after a 1-for-13 reverse split on March 24, 2023.
Warrants were issued in a Feb. 2021 unit offering (one share plus one warrant) with an initial exercise price of $4.30 per share; company sold 2,790,697 units in the offering.
Cuentas says it has applied to list Common Stock and Warrants on OTCQB and has restructured its business, entering a joint venture with World Mobile, LLC and World Mobile Media Group, LLC.
The company says it is seeking financing and wants to encourage warrant exercises to provide funds for operations.

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