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Tag: CUEN Stock

  • Cuentas (CUEN) Stock Spiked 9% After-Hours

    Cuentas (CUEN) Stock Spiked 9% After-Hours

    Cuentas Inc. (NASDAQ: CUEN) witnessed a notable upswing of 9.40% during after-hours trading on Thursday, reaching a value of $1.28. The preceding regular trading session saw Cuentas (CUEN) stock price experience a decline of 5.65%, settling at $1.17. The resurgence in the stock’s performance during the extended trading period was prompted by a strategic equity initiative undertaken by CUEN.

    World Health Energy Holdings, Inc. (WHEN), an OTC Pink-listed company specializing in telecommunications and cybersecurity, has made a significant announcement regarding a binding letter of intent. The majority shareholder of WHEN Group has initiated discussions with Cuentas, a key move that could reshape the landscape of both companies.

    This groundbreaking development centers around a proposed share exchange transaction. However, its execution is contingent upon several key factors: Nasdaq approval, consent from shareholders, and the fulfillment of specific conditions. Once finalized, this transaction will result in WHEN Group transforming into a majority-owned subsidiary under Cuentas’ umbrella.

    The transition holds great promise, particularly in the realm of cybersecurity. Cuentas intends to seamlessly integrate WHEN Group’s state-of-the-art cybersecurity solutions into the Cuentas Mobile Platform. Furthermore, WHEN Group’s advanced solutions are set to become available to Cuentas’ partners in the FinTech sector, a move that could potentially redefine industry standards.

    WHEN Group’s recent acquisition of CrossMobile, a licensed telecom operator in Poland, marks a strategic pivot towards telecommunications. This move places WHEN Group among the select few licensed telecom operators within the European Union. The synergy between WHEN Group’s expanding telecommunications ventures and Cuentas’ mobile financial services sector is evident, offering a tantalizing prospect of mutually beneficial collaboration.

    As part of this exchange, the principal shareholder of WHEN Group, UCG, Inc., will trade its 75% stake for common shares of CUEN, equivalent to 50% of Cuentas’ total issued and outstanding capital, under a fully diluted basis at the time of issuance. Following the transaction’s completion, WHEN Group will emerge as a majority-owned subsidiary of Cuentas, indirectly held through UCG’s holdings.

    In anticipation of this change, the leadership of WHEN Group is committed to devising a comprehensive business plan, delineating financial sources and utilization, and nurturing the growth of WHEN Group’s operations, including the seamless integration of WHEN Group and Cuentas’ product offerings.

  • Cuentas, Inc. (CUEN) Stock Soars Following Definite Agreement Between Cuentas and WaveMax

    Cuentas, Inc. (CUEN) stock prices were up 18.82% as of the market opening on July 22nd, 2021, bringing the price per share up to USD$4.23 early on in the trading day.

    Agreement with Wavemax

    July 22nd, 2021 saw the company announce having signed an exclusive, definitive JV agreement to rollout WaveMax’s SharedWiFi6 patented technology in 1000 locations. The rollout will commence from the New York City Metropolitan Area, with 500 locations in NYC, 330 in New Jersey, and 170 in Connecticut, with additional rollouts planned throughout the rest of the United States. The collaborative partners will execute a 50/50 joint venture to install advanced WiFi6 Access Points and Small Cells across the 1000 Bodega Stores.

    Implementing WaveMax Tech

    The stores will become CUEN’s premium locations that will be situated near public train stations and mass transit hubs, with the company’s products and services being offered on secure networks. The WiFi6 service is designed to enhance customer experiences with the Bodega stores with the automatic connecting of users with SharedWiFi high-speed internet, extending the reach of special in-store offers. Consumers at CUEN Points of Sale locations will also have access to promotions for the Cuentas GPR card and discounted products offered for sale through the company’s mobile app.

    CUEN’s Foray into Advertising

    The unique agreement will facilitate CUEN’s entry into the advertising ecosystem with its use of major brands to advertise the company’s offerings through mobile handsets. Furthermore, the company’s products and services will be available at a 50% discount for most favored nation pricing on their digital advertising platform.

    Advertising Ecosystem

    The company’s proprietary WaveMax’s SharedFi patented technology ensures the provision of a shared network of WiFi access points and small cells. Users will have access to the shared network and will have the option of being targeted by location-based advertising. The ads are configured by advertisers making use of WaveMax’s dashboards, which can manually or automatically target suitable demographics in an efficient manner.

    Future Outlook for CUEN

    Armed with the proliferation of its WaveMax technology and its rollout agreement, CUEN is poised to massively expand the scope of its market footprint. Keen to increase accessibility and market penetration, CUEN is confident in its ability to continue its trajectory of success. Investors are hopeful that management will persist in the effective management of company resources to usher in organic growth over the long term.

  • Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) Stock Dips After Exercising of Warrants from February 2021 Public Offering

    Cuentas, Inc. (CUEN) stock prices were down 14.40% shortly after market trading commenced on July 12th, 2021, bringing the price per share down to USD$4.16 early on in the trading day.

    Public Offering

    July 12th, 2021 saw the company announce the generation of USD$6.2 million from the exercising of warrants issues earlier in February of 2021. The warrants were issued in relation to the company’s underwritten public offering of 2,790,697 units, with each unit priced at USD$4.30 per unit. The offering raised roughly USD$12 million, before the deduction of expenses related to the offering. The warrants started trading on the Nasdaq Capital Market under the ticker CUENW since February 2nd, 2021.

    Inclusion in WaveMax Network

    WaveMaxannounced having been selected by TelcoDR as a part of its showcase of the most innovative mobile technologies at the Mobile World Congress in Barcelona. Cuentas has signed a contract to rollout SharedFi across 170 test locations in the New York City-Tristate area. The testing period will last 6 months, the success of which will result in the collaborative installation of 1,000 additional Bodega Stores in a 50/50 joint venture.

    Synchronicity with Execon

    The WiFi managed services company, Execon, will facilitate the implementation of WiFi6 infrastructure and manage and monitor the broadband internet at various Bodega stores. Execon will connect participating stores, while Cuentas will connect customers via the WaveMax platform, driving customer savings and greater value. The WaveMax mobile ecosystem will encourage an enhanced user and shopping experience, with Cuentas customers having access to discounts for purchases and rewards, this driving in greater net revenues.

    Healthy Financials

    The company’s balance sheet for the first quarter of 2021 improved drastically, largely as a result of a successful USD$12 million capital raising venture, The underwritten public offering saw the generation of USD$10.6 million in net proceeds. The capital raised was allocated towards the repayment of all of its financial debt, including USD635,000 to Labrys, USD$378,000 to Dinar Zuz, and a USD$260k convertible loan with interest to A.Ghershony.

    Future Outlook for CUEN

    Armed with a solid liquidity position, the company is poised to capitalize on the opportunities afforded to it by the expansive scope of its collaborative ventures. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.

  • Why Did Cuentas (CUEN) Stock Surge In Premarket Session?

    Cuentas Inc. (CUEN) has rose 4.34% at $6.49 in the premarket session on the last check today. CUEN stock gained 123.74% to reach $ 6.22 in the last trading session. CUEN stock ranged between $ 5.80 and $ 9.25 in the last trading session.

    A total of 208.96 million shares of CUEN stock changed hands, compared to its daily average of 0.17M shares over 100 trading days. Within the last five days, shares of CUEN have risen 184.02%, while in the last month they have risen 174.01%.  CUEN stock has been on the rise after doubling its value in previous sessions.

    How did CUEN more than double its value?

    A FinTech service provider with a mission to provide solutions to the unbanked and underbanked Hispanic and Latino community, Ceuntas provides e-banking solutions and e-commerce services. CUEN offers a variety of services, including mobile banking, online banking, mobile deposits, prepaid debit, ACH, and a cash remittance program. It also provides peer to peer money transfers and bank accounts to clients who were unable to acquire bank accounts previously.

    The world’s first shared WiFi network, WaveMax Corporation, was selected by TelcoDR as part of their showcase of the most innovative mobile technology during Mobile World Congress in Barcelona.

    • As part of its collaboration with Cuentas (CUEN), WaveMAX will show off the world’s first WiFi6-5G shared network coming soon to New York.
    • Using WaveMax’s SharedFi technology, small cells and WiFi access points can be shared.
    • If the user opts in to be impacted by location-based advertising, he/she gains access to this shared network.
    • WaveMAX advertiser dashboards are used to customize ads so that they are targeted to the right audience, at the right time, and in the right place.
    • CUEN has signed a contract to roll out SharedFi at 170 test sites in the New York City-Tristate area.
    • CUEN plans to install 1,000 new “Bodega Stores” in a 50/50 joint venture with WaveMAX if the 6 month test is successful.
    • In addition to the automatic connection to WiFi6, customers will receive special offers inside the Bodega store to enhance their shopping experience.
    • Customers will also receive product discounts via the Cuentas Mobile App and promotional offers for the Cuentas GPR card.

    CUEN’s other agreements:

    Cuentas (CUEN) recently signed a Marketing Agreement with SDI Black 011 (SDI), one of the larger prepaid telecommunications companies, to incorporate multiple products for sale. CUEN will integrate Cuentas Prepaid Mastercard, Cuentas Mobile App and digital wallet into its electronic portal, while SDI will be able to expand the SDI distribution network through CUEN. CUEN will deposit $200,000 in escrow to jump start the SDI network expansion, initially in New York, New Jersey, Connecticut tri-state area to sign up 1,000 new targeted prime locations in the United States.