Cuentas Extends Expiration Date of its Publicly Traded Warrants From February 4, 2026 to June 30, 2026

Group 1 - Cuentas, Inc. has extended the expiration date of its publicly traded warrants from February 4, 2026, to June 30, 2026, to encourage their exercise [1][4] - The warrants were originally issued on February 4, 2021, as part of a public offering, with a total of 2,790,697 units sold at $4.30 per unit, generating approximately $12.0 million in gross proceeds [2] - A reverse stock split occurred on March 24, 2023, at a ratio of 1-for-13, resulting in an increased exercise price of the warrants to $55.90 per share [3] Group 2 - The company plans to use the gross proceeds from the exercise of the warrants for working capital and general corporate purposes [4] - The company has restructured its business and entered into joint ventures with World Mobile, LLC and World Mobile Media Group, LLC [4] - The company has amended the Warrant Agency Agreement to allow the Board of Directors to reduce the exercise price of the warrants if market conditions are favorable [4]