Cuentas Inc. (CUEN) Form 8-K — Sep 30, 2026
Cuentas Inc. entered into an Amended and Restated Warrant Agency Agreement on September 30, 2026 with Olde Monmouth Stock Transfer Co., extending the expiration of its publicly traded warrants from September 30, 2026 to December 31, 2026. The agreement also gives the Board discretion to voluntarily reduce the warrant exercise price — currently $55.90 per share after the March 2023 one-for-thirteen reverse split — and proportionately increase shares issuable, to encourage warrant exercises that would fund the company's operations. The warrants stem from a February 2021 underwritten unit offering (2,790,697 units at $4.30 exercise price originally).
Key figures
- Reverse split ratio
- 1:13 (completed March 24, 2023)
- Prior expiration date
- September 30, 2026
- Extended expiration date
- December 31, 2026
- January 2026 offering units
- 2790697
- Original warrant exercise price
- $4.30 per share
- Adjusted warrant exercise price after reverse split
- $55.90 per share
AI analysis
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