8-KAccepted Sep 30, 5:08 PM ET
Cuentas Inc. Amends Warrant Agreement, Extends Warrant Expiration to Dec 31, 2026
Accepted (ET)
5:08 PM
Sep 30, 2026
Filed
Sep 30, 2026
Documents
12
Size
451.0 KB
Summary
Cuentas Inc. Amends Warrant Agreement, Extends Warrant Expiration to Dec 31, 2026
What Happened Cuentas Inc. (CUEN) announced on September 30, 2026 that it entered into an Amended and Restated Warrant Agency Agreement with Olde Monmouth Stock Transfer Co., Inc. The amendment extends the expiration date of the company’s outstanding publicly traded warrants from September 30, 2026 to December 31, 2026. The amendment also gives the company’s Board discretion to reduce the warrants’ exercise price and proportionately increase the number of shares issuable on exercise; otherwise the warrant terms remain unchanged. The amended agreement is filed as Exhibit 10.1 to the 8-K.
Key Details
- Extended Expiration Date: warrants now expire on December 31, 2026 (previously Sept. 30, 2026). Warrants cannot be exercised after that date.
- Board authority: may voluntarily lower the exercise price and proportionately increase the shares purchasable on each warrant.
- Original issuance and exercise history: warrants were issued with units in February 2021 (one share + one warrant); initial exercise price was $4.30, which became $55.90 after a 1-for-13 reverse split on March 24, 2023.
- Other notes: Cuentas has applied to list its Common Stock and Warrants on the OTCQB and has restructured operations in connection with a joint venture with World Mobile, LLC and World Mobile Media Group, LLC.
Why It Matters For investors, the extension gives warrant holders additional time (three more months) to decide whether to exercise their warrants. The board’s power to reduce the exercise price could make exercise more attractive and potentially increase the number of shares issued if exercised, which could affect dilution and trading dynamics. The move to seek OTCQB listing may improve secondary-market access for both the common stock and warrants. The filing is limited to these procedural changes; no other warrant terms were modified.