Recent 8-K filings for CUEN
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.
- Side Letter grants WMG veto over major actions including equity/debt issuances and M&A.
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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.
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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%.
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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.
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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.
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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.
Materiality & sentiment trend
Max materiality 0.80 · Median 0.60 · Most common event other_material