On May 1, 2024, Cuentas Inc., a Florida-based company listed on The Nasdaq Stock Market under the symbol CUEN, entered into a Letter of Intent (LOI) with Sekur Private Data Ltd. (SWISF) and its USA subsidiary, Sekur Private Data Inc. The LOI outlines a potential share issuance agreement where Cuentas would acquire 30,000,000 restricted shares of SWISF common stock. The agreement includes two transactions: the first involves Cuentas purchasing 5,000,000 shares of SWISF common stock for $500,000 to be used as working capital for SWISF. The second transaction involves Cuentas transferring the M&M Telecom MVNO Agreement and FCC 214 license to SWISF in exchange for 25,000,000 shares of SWISF common stock, with an independent valuation of $5 million, discounted by 50% to $2.5 million for the transaction. The transactions are subject to approval by the FCC. Negotiations are ongoing, with the aim to finalize a definitive agreement by May 15, 2024, and to close the Share Exchange and SPA by May 31, 2024. This strategic move is not a precursor to a merger or other business combination between the two entities.

On May 1, 2024, Cuentas Inc., a Florida-based company listed on The Nasdaq Stock Market under the symbol CUEN, entered into a Letter of Intent (LOI) with Sekur Private Data Ltd. (SWISF) and its USA subsidiary, Sekur Private Data Inc. The LOI outlines a potential share issuance agreement where Cuentas would acquire 30,000,000 restricted shares of SWISF common stock. The agreement includes two transactions: the first involves Cuentas purchasing 5,000,000 shares of SWISF common stock for $500,000 to be used as working capital for SWISF. The second transaction involves Cuentas transferring the M&M Telecom MVNO Agreement and FCC 214 license to SWISF in exchange for 25,000,000 shares of SWISF common stock, with an independent valuation of $5 million, discounted by 50% to $2.5 million for the transaction. The transactions are subject to approval by the FCC. Negotiations are ongoing, with the aim to finalize a definitive agreement by May 15, 2024, and to close the Share Exchange and SPA by May 31, 2024. This strategic move is not a precursor to a merger or other business combination between the two entities.