Highest-materiality recent filing
WMG converts $260K notes into 18.5% Cuentas stake; gets board veto rights
World Mobile Group converts $260K promissory notes into 1,277,018 shares, ~18.5% of Cuentas.
Cuentas forms JV World Mobile Media Group for OTT platform; holds 51%
Cuentas and Tummo Road LLC enter into a JV, World Mobile Media Group LLC; Cuentas owns 51%, Tummo 49%.
Cuentas CFO Michael De Prado departs; company issues $1.6M in convertible notes
Michael De Prado resigned as President, EVP and CFO effective Oct 21; receives $110K cash and $673K in secured notes.
Cuentas forms JV with World Mobile, sells Brooksville stake for $800K, settles $454K judgment
Formed World Mobile LLC JV; Cuentas contributes MVNO (valued $600K) for 51% stake, but 85% of JV profits go to World Mobile Group.
Cuentas loses $7.2M property sale; buyer terminates contract for Brooksville land
Buyer terminated contract for Brooksville, FL property on June 7, 2024; Cuentas notified definitively on July 11, 2024.
Cuentas signs LOI to sell Brooksville property for $7.2M, up from $5.05M purchase
LOI for sale of Brooksville, FL property at $7.2M; originally purchased April 2023 for $5.05M.
Cuentas receives Nasdaq delisting notice for equity rule non-compliance; trading suspended Dec. 20
Nasdaq notified Cuentas on Dec. 18, 2023 that common stock (CUEN) and warrants (CUENW) will be suspended from Dec. 20, 2023 for failing Listing Rule 5550(b).
Cuentas to issue 50% of its shares to acquire 75% of World Health Energy Holdings (WHEN)
Cuentas will exchange shares representing 50% of its fully diluted common stock for UCG, Inc.'s 75% stake in WHEN (OTC:WHEN).
Cuentas CFO Ran Daniel to depart Nov 27; Shlomo Zakai appointed successor
CFO Ran Daniel notified his Employment Agreement will not be renewed; employment ends Nov 27, 2023.
Cuentas faces Nasdaq delisting for failing to meet $2.5M equity minimum
Received Nasdaq Staff Determination on Oct 3, 2023 for missing deadline to submit compliance plan under Listing Rule 5550(b)(1).
Cuentas receives ~$2M from warrant exercise; issues new warrants for 1.23M shares
Holder exercises 616,303 existing warrants at reduced price of $3.30/share, down from $7.67 and $17.16.
Cuentas appoints Maimon as Executive Chairman/CEO, De Prado as EVP/President with 5-yr contracts
Arik Maimon enters five-year employment agreement as Executive Chairman and CEO with $295,000 annual base salary.
Cuentas receives Nasdaq deficiency notice for shareholders' equity below $2.5M
As of June 30, 2023, shareholders' equity was $1.471M, below the $2.5M minimum required by Nasdaq Rule 5550(b)(1).
Cuentas closed on $5.05M property purchase via Brooksville Development Partners, LLC (63% owned by Cuentas).
Cuentas enters JV for 364-unit multifamily development; commits $2M to escrow
Cuentas signed operating agreement as Class B Member in Brooksville Development Partners LLC on April 13, 2023.
Cuentas regains NASDAQ compliance; minimum bid price deficiency resolved
Received notification from NASDAQ Hearings Panel that all compliance matters resolved.
Cuentas raises ~$4.3M via stock/warrant sale; acquires housing project interest
Sold 2,123,478 shares, pre-warrants for 1,664,401 shares, and private warrants for 3,787,879 shares at $1.32 each; net proceeds ~$4.3M.
Cuentas receives Nasdaq extension to April 6, 2023 to regain bid price compliance
Received formal notification from Nasdaq Hearings Panel granting continued listing extension through April 6, 2023.
Cuentas raises ~$5M gross in registered direct offering and private placement
Sold 2,123,478 shares and pre-funded warrants for 1,664,401 shares at combined price of $1.32 per unit.
Acquires 6% interest in 4280 Lakewood Road Manager, which holds 86.45% of 4280 Lakewood Road LLC (96-unit project in Lake Worth, FL).
Cuentas to issue 33.3% of diluted shares for $2M interest in Lakewood affordable housing project
Binding LOI signed with Core Development Holdings to buy a portion of its 29.3% stake in 4280 Lakewood Road Manager, LLC.
Cuentas receives Nasdaq delisting notice for bid price non-compliance; intends to request hearing
Received Nasdaq delisting notice on Dec 20, 2022 for failure to maintain minimum $1 bid price for 30 consecutive days.
Cuentas CEO Jeffery Johnson resigns; co-founders Maimon and De Prado named interim CEO and President
Jeffery D. Johnson resigned as CEO effective Aug 18, 2022; receives $100k separation payment plus COBRA through end of 2022.
Cuentas settles license dispute with CIMA, pays $770K in unpaid fees, restores platform access
Cuentas to pay $350,000 immediately and $420,239.78 by Aug 15, 2022, totaling $770,239.78 in unpaid fees.
Cuentas faces default notice from CIMA over $700K unpaid fees; cure runs through July 24
CIMA Telecom issued default notice on May 25, 2022, alleging $700,000 in unpaid maintenance and pass-through fees under License Agreement.
Cuentas receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified Cuentas on June 21, 2022 that closing bid price was below $1.00 for 31 consecutive business days, violating Rule 5550(a)(2).
Cuentas regains Nasdaq listing compliance after appointing two independent directors
Nasdaq confirmed compliance with rules 5605(b)(1) and 5605(c)(2) on June 14, 2022.
Cuentas acquires 19.99% stake in Cuentas SDI for $750K; option for remaining 80.01%
Buys 19.99% of Cuentas SDI from SDI Black for $750,000.
Asset purchase price $2.976M; definitive APA due May 8, 2022, closing by May 20, 2022.
Cuentas signs binding LOI to acquire SDI Group assets for $3.2M
Purchase price $3.2M; $2M escrowed immediately, $1.2M at closing; proceeds to repay SBA loans of ~$4.2M.
on June 8, 2026, the Company appointed Ofek Haim Suchard, who had been serving as the Company’s Interim Chief Financial Officer, as the Company’s Chief Artificial Intelligence Officer, effective June 8, 2026.
On June 8, 2026, the Board of Directors (the “Board”) of Cuentas, Inc. (the “Company”) appointed Eric Kilinsky as the Company’s Interim Chief Financial Officer, effective June 8, 2026.
the Company notified Ran Daniel, its Chief Financial Officer since 2018, that the Employment Agreement would not be renewed.
On October 11, 2023, the Board of Directors of the Company, based upon the recommendation of its Audit Committee, appointed Shlomo Zakai as the Company’s Chief Financial Officer.
On August 21, 2023, the Company entered into an employment agreement with Arik Maimon pursuant to which Mr. Maimon agreed to serve as Executive Chairman and Chief Executive Officer of the Company
On June 15, 2023, Mr. Yochanon Bruk tendered his resignations as member of the board of directors of Cuentas Inc. (the “Company”).
On February 2, 2023, the Board appointed Haim Yeffet as director to the Board.
On December 26, 2022, Sandra Orihuela tendered her resignation as a member of the board of directors (the “Board”) of Cuentas Inc. (the “Company”) which would also include her not being a Director effective after the Company’s 2022 Annual Meeting (the “2022 Annual Meeting”).
On December 30, 2022, the Board appointed Ms. Lexi Terrero as director to the Board.
On November 9, 2022, Carol Pepper tendered her resignations as members of the board of directors of Cuentas Inc.
On November 2, 2022, Jeffrey Lewis tendered his resignations as members of the board of directors of Cuentas Inc. (the “Company”).
On September 30, 2022, Anthony H. Meadows resigned as chief operating officer of Cuentas, Inc.
Max materiality 0.90 · Median 0.60 · Most common event other_material