---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-037804"
form_type: "8-K"
ticker: "WHEN"
cik: "0000943535"
company_name: "WORLD HEALTH ENERGY HOLDINGS, INC."
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T19:28:49.285478+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# WHEN majority holder to exchange 75% stake for 50% of Cuentas

## Summary
- UCG (75% shareholder) to transfer all WHEN shares to Cuentas for 50% of Cuentas fully diluted shares.
- Deal subject to Nasdaq and Cuentas shareholder approval, SEC S-4 filing, independent appraisal, and Nasdaq equity extension.
- Closing targeted by Dec 15, 2023; Cuentas board to expand to 9 members with 2 from UCG and 2 from Cuentas.
- Giora Rozensweig (WHEN interim CEO) to become co-Executive Chairman of Cuentas; WHEN becomes majority-owned subsidiary.
- Plan to integrate WHEN's cybersecurity and AI solutions into Cuentas mobile platform for underbanked and enterprise clients.

## SEC filing metadata
- accession: 0001493152-23-037804
- form_type: 8-K
- ticker: WHEN
- cik: 0000943535
- company_name: WORLD HEALTH ENERGY HOLDINGS, INC.
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/943535/000149315223037804/0001493152-23-037804-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/943535/000149315223037804/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037804
- JSON: https://secwatch.observer/filing/0001493152-23-037804.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037804.txt

## Key facts
- Material Agreements
  WORLD HEALTH ENERGY HOLDINGS, INC. entered into Term Sheet with Cuentas Inc. (effective 2023-10-16).
  - Action: entry
  - Counterparty: Cuentas Inc.
  - Effective: 2023-10-16
  source text: On October 16, 2023, UCG, Inc. (“UCG”), the holder of approximately 75% of the issued and outstanding shares of World Health Energy Holdings, Inc. (OTC:WHEN) (the “Company”), executed and delivered a binding term sheet (the “Term Sheet”) with Cuentas Inc. (“Cuentas”), a company currently listed on The Nasdaq Stock Market LLC.
  evidence_url: https://www.sec.gov/Archives/edgar/data/943535/000149315223037804/0001493152-23-037804-index.htm

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