Cuentas Inc. 8-K

What Happened

• Cuentas Inc. (CUEN) announced on June 29, 2026 that it entered into an Amended and Restated Warrant Agency Agreement with Olde Monmouth Stock Transfer Co., Inc. that extends the expiration date of its publicly traded warrants to purchase common stock from June 30, 2026 to September 30, 2026. After the new expiration date the warrants may no longer be exercised.
• The warrants were issued as part of a February 2021 underwritten unit offering (one share of common stock + one warrant). The warrants’ original exercise price was $4.30 but was adjusted to $55.90 following a 1-for-13 reverse stock split on March 24, 2023.
• The amended agreement also gives the company’s board discretion to voluntarily reduce the warrant exercise price and proportionately increase the number of shares purchasable on exercise.

Key Details

• Amended and Restated Warrant Agency Agreement dated June 29, 2026 (with Olde Monmouth as Warrant Agent).
• Extended expiration date: from June 30, 2026 → September 30, 2026.
• Current warrant exercise price after reverse split: $55.90 per share (originally $4.30).
• Company has applied to list its Common Stock and Warrants on the OTCQB and has restructured business via a joint venture with World Mobile, LLC and World Mobile Media Group, LLC.

Why It Matters

• The extension gives warrant holders additional time (three months) to decide whether to exercise their warrants before they expire, which preserves potential value for holders and keeps the warrants tradable until the new expiration date.
• The board’s authority to reduce the exercise price and increase the number of underlying shares could make the warrants more exercisable (and thus more valuable) but could also increase potential dilution for existing shareholders if exercised.
• The OTCQB listing application and the company’s restructuring/joint-venture activity are related corporate actions investors should watch, as they may affect liquidity and the company’s strategic direction.