CUEN · Cuentas Inc.

Summary

Cuentas Inc. entered into a Confidential Conditional Satisfaction Agreement with Spectrum Intelligence Communications Agency, LLC to settle a judgment for $650,000 ($350,000 cash + 600,000 shares valued at $300,000), a Side Letter with World Mobile Group Ltd. granting approval rights on key corporate actions, and a Securities Purchase Agreement with P.W. Janssen for 714,286 shares and warrants for $300,000. WMG converted $260,000 promissory notes into 1,277,018 shares (18.5% ownership).

Key takeaways

• Spectrum Satisfaction Agreement: $650,000 total ($350,000 cash + 600,000 shares at $0.50 provisional, $1.00 VWAP target) dated Feb 24, 2026
• WMG converted $260,000 notes into 1,277,018 shares (18.5% ownership) on Feb 25, 2026
• P.W. Janssen purchased 714,286 shares + warrant for 714,286 shares at $0.42/unit for $300,000 on Feb 26, 2026
• WMG Side Letter (Mar 1, 2026) requires approval for equity/debt issuances, M&A, IP dispositions while WMG holds notes or 5%+ stock
• Company to file S-1 for resale of Spectrum and Janssen shares
• Judgment settled: Spectrum v. Limecom ($748,958 as of Jan 21, 2026) for $650,000