Cuentas Regains Compliance with NASDAQ Rules Following Recent Appointment of Two Independent Board Members

Rhea-AI Summary

Cuentas, Inc. (NASDAQ:CUEN, CUENW) announced on June 15, 2022, that it has regained compliance with Nasdaq listing rules following the appointment of two independent board members, Sandra Orihuela and Sara Sooy. Orihuela will serve on the compensation committee, while Sooy will join the audit committee. This strategic move enhances Cuentas' governance and potentially strengthens its market position. The company specializes in delivering digital financial services to underserved Hispanic and Latino populations, offering solutions like mobile financial apps and prepaid debit cards.

Positive

• Regained compliance with Nasdaq listing rules, enhancing credibility and market standing.
• Appointment of independent board members may improve governance and strategic decision-making.

Negative

• None.

MIAMI, FL / ACCESSWIRE / June 15, 2022 / Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) ("Cuentas"), a leading fintech provider of mobile financial app and payment solutions, announced today that it has regained compliance with Nasdaq listing rules 5605(b)(1) and 5605(c)(2) following the recent appointments of two independent board members to the board of directors - Sandra Orihuela and Sara Sooy. As previously disclosed, Ms. Sooy was appointed to the audit committee and Ms. Orihuela was appointed to the compensation committee.

About Cuentas
Cuentas, Inc. (NASDAQ:CUEN) (NASDAQ:CUENW) is a fintech e-finance and e-commerce service provider with proprietary technology that delivers digital financial services to the underbanked and un-banked Hispanic, Latino and immigrant populations including mobile and financial services, prepaid debit card, ACH and mobile deposits, cash remittance, peer to peer money transferring, and other services. The Cuentas General Purpose Reloadable (GPR) Card includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. For more information, visit https://cuentas.com.

Investor Relations
Cuentas, Inc.
800-611-3622
info@cuentas.com

SOURCE: Cuentas, Inc.

View source version on accesswire.com:
https://www.accesswire.com/705157/Cuentas-Regains-Compliance-with-NASDAQ-Rules-Following-Recent-Appointment-of-Two-Independent-Board-Members

FAQ

What recent compliance achievement did Cuentas announce?

Cuentas announced that it has regained compliance with Nasdaq listing rules after appointing two independent board members.

Who are the new independent board members at Cuentas?

The new independent board members are Sandra Orihuela and Sara Sooy.

What committees were the new board members appointed to?

Sandra Orihuela was appointed to the compensation committee, and Sara Sooy was appointed to the audit committee.

How does Cuentas serve its target market?

Cuentas provides digital financial services to underbanked and un-banked Hispanic and Latino populations.