HUB Cyber Security .(HUBC)
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HUB Secures $7M In Debt Restructuring, Strengthening Financial Stability and Growth Trajectory
Newsfilter· 2024-12-23 12:12
TEL AVIV, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a leader in cybersecurity and advanced data fabric solutions, has successfully restructured $7 million of its secured debt with United Mizrahi Tefahot Bank ("UMTB") under a settlement agreement signed on December 19, 2024 between HUB and UMTB (the "Agreement"). The Agreement represents over 60% of HUB's secured debt, through its wholly-owned subsidiary Comsec Ltd., and reflects the C ...
HUB Security Announces Receipt of Staff Delisting Notice and Initiation of Appeals Process
GlobeNewswire· 2024-12-17 21:00
TEL AVIV, Israel, Dec. 17, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announced receipt of a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's securities from the Nasdaq Global Market. As a result, the Company is ...
HUB Cyber Security .(HUBC) - 2024 Q2 - Earnings Call Transcript
2024-12-02 15:13
HUB Cyber Security Ltd. (NASDAQ:HUBC) Q2 2024 Earnings Conference Call December 2, 2024 9:00 AM ET Company Participants Ben Shamsian - Lytham Partners Noah Hershcoviz - CEO Conference Call Participants Operator Good morning, and welcome to the HUB Cyber Security’s First Half 2024 Financial Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ben Shamsian with Lytham Partners. ...
HUB Cyber Security .(HUBC) - 2024 Q2 - Earnings Call Presentation
2024-12-02 15:13
SECURED DATA FABRIC PLATFORM I N V E S T O R P R E S E N T A T I O N Noah Hershcoviz, CEO | December 2024 DISCLAIMER All statements in this presentation, other than those relating to historical facts, are "forward-looking statements." Forward-looking statements contained in this presentation include, but are not limited to, statements regarding HUB Cyber Security Ltd.'s (the "Company" or "HUB") strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the ...
HUB Cyber Security Reports First Half 2024 Financial Results and Corporate Update
GlobeNewswire News Room· 2024-12-02 13:45
TEL AVIV, Israel, Dec. 02, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, today announced its financial results for the first half of 2024. Financial results for H1 2024: Revenues: $15.7 million, compared to $25.0 million in H1 2023. The revenue shift highlights HUB's strategic effort to optimize its business sectors by transitioning away from less profitable segments, including cert ...
HUB Cyber Security Reduces $5.7 Million Debt by 70%, Secures Additional Funding, Plans Long-Term Refinancing and Welcomes a New Word-Class Board Member
GlobeNewswire News Room· 2024-11-29 14:11
TEL AVIV, Israel, Nov. 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announces an agreement with AGP to reduce by 70% its $5.7 million convertible note obligations by way of amicably negotiated settlement, as part of the Company’s strategic efforts to strengthen its balance sheet and reduce overall debt. The Company has also obtained an additional $1 million investment ...
HUB Cyber Security to Discuss First Half 2024 Financial Results and Provide Corporate Update on December 2, 2024
GlobeNewswire News Room· 2024-11-27 11:30
TEL AVIV, Israel, Nov. 27, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, has scheduled a conference call with management on Monday, December 2, 2024, at 9:00 a.m. ET, to review the first half 2024 results. Conference Call Details Date and Time: Monday, December 2, 2024, at 9:00 a.m. ET Call-in Information: Interested parties can access the conference call by dialing (844) ...
HUB Security Announces Strategic Initiatives and Upcoming Financial Results Amid U.S. Market Penetration Plans
GlobeNewswire News Room· 2024-11-05 12:15
TEL AVIV, Israel, Nov. 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB Security”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, is pleased to provide an update on several initiatives and developments as it continues to enhance its market position and deliver value to its stakeholders. The Company anticipates releasing its financial results for the six months ended June 30, 2024, by the end of November. In addition, HUB Securit ...
HUB Security to Present at the 2024 ThinkEquity Conference
GlobeNewswire News Room· 2024-10-30 12:30
HUB Security to Present at the 2024 ThinkEquity Conference Tel Aviv, Israel, October 30, 2024 – PRISM MediaWire – HUB Cyber Security Ltd. (NASDAQ: HUBC) ("HUB Security" or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York. Mandarin Oriental · New York The ThinkEquity Conference gathers institutional investors, corporate clients, and ...
HUB Security Announces $3.3 Million Investment to Accelerate Corporate Growth
GlobeNewswire News Room· 2024-08-19 11:00
TEL AVIV, Israel, Aug. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric ("HUB Security" or the "Company"), is pleased to announce the successful completion of a $3.3 million private placement from non-U.S. investors. This investment is in the form of convertible notes with a conversion price of $0.70 per share. As part of the transaction, the Company has also issued warrants with an exercise ...