Core Viewpoint - HUB Cyber Security Ltd. has successfully settled significant legacy liabilities, reducing claims from $16.6 million to a final settlement of $7.5 million, which enhances the company's financial position and flexibility [1][2][3] Financial Settlements - The company eliminated $9.1 million in legacy liabilities through settlements with Oppenheimer & Co. Inc. and Dominion Capital [1] - HUB secured $13.5 million from Claymore Capital Pty Ltd in the form of long-term convertible notes to fund these settlements without cash outlay [2] - The settlement payments will be covered by Claymore, preserving HUB's liquidity and allowing for a focus on expansion [2] Strategic Direction - The CEO of HUB stated that resolving these legacy liabilities was a top priority, enabling the company to concentrate on its growth strategy [3] - Following the acquisition of BlackSwan and an executive restructuring, HUB is entering a new phase with a clear strategic direction and a strong pipeline of opportunities [3] Company Overview - HUB Cyber Security Ltd. specializes in advanced cybersecurity solutions, protecting sensitive information for commercial and government clients [4] - Established in 2017 by veterans of the Israeli Defense Forces, the company operates in over 30 countries [4]

TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a global leader in confidential computing and advanced data fabric technology, has successfully executed important settlements with both Oppenheimer & Co. Inc. and Dominion Capital, eliminating $9.1 million in legacy liabilities. The Company has reduced a combined $16.6 million in claims to a final settlement amount of just $7.5 million, structured under highly favorable installment terms, si ...

Core Viewpoint - HUB Cyber Security Ltd. has secured a six-month extension on $11 million of convertible notes, enhancing financial stability and supporting long-term growth [1][3] Financial Agreement - The investor's warrants to purchase 13 million ordinary shares were amended to reclassify them from debt to equity, strengthening HUB's balance sheet [2] - In return, the investor received warrants to purchase 2 million ordinary shares and pre-funded warrants to purchase 10 million ordinary shares, ensuring long-term shareholder alignment [2] Management Commentary - CEO Noah Hershcoviz emphasized the company's commitment to financial discipline and asset optimization, positioning HUB for market expansion and cybersecurity innovation [3] Company Overview - HUB Cyber Security Ltd. was established in 2017 by veterans of the Israeli Defense Forces, specializing in advanced cybersecurity solutions [4] - The company operates in over 30 countries, providing encrypted computing technologies and data theft prevention solutions to a diverse client base [4]

This strategic acquisition positions HUB to capitalize on a projected $12.91 billion market by 2032 and deliver advanced security, compliance, and regulatory technologies to banks, fintechs, and governments worldwide.TEL AVIV, Israel, Jan. 27, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a global leader in advanced cybersecurity and data fabric technology, is pleased to announce the closing of its highly anticipated acquisition of BlackSwan Technologies ...

Acquisition Progress - The acquisition of BlackSwan Technologies by HUB Cyber Security is on track, with the definitive agreement signed on January 15, 2025, and expected to close on or about January 28, 2025 [1] - The final steps involve completing routine regulatory and contractual requirements [1] Management's Focus - HUB's management is diligently working to ensure a smooth and proper conclusion of the transaction for the benefit of the company and its shareholders [2] CEO's Perspective - The acquisition is seen as transformative, positioning HUB as a potential market leader in secured data fabric solutions [3] - The deal is expected to unlock significant opportunities for cross-selling and cost optimization, accelerating profitability and cash flow generation [3] Company Overview - HUB Cyber Security was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces [3] - The company specializes in advanced cybersecurity solutions, protecting sensitive commercial and government information [3] - HUB operates in over 30 countries, offering encrypted computing technologies and innovative data theft prevention solutions [3] Forward-Looking Statements - The press release contains forward-looking statements regarding the anticipated benefits of the acquisition, market opportunity, and timeline to closing [4] - These statements are based on current expectations and are subject to uncertainties and changes in circumstances [5] - Risks and uncertainties include liquidity and capital resources, geopolitical risks, competition, and regulatory proceedings [5]

Delisting and Appeal Process - HUB Cyber Security Ltd received a Staff Delisting Determination from Nasdaq due to non-compliance with the Minimum Bid Price Requirement, which mandates a minimum bid price for continued listing under Nasdaq Listing Rule 5450(a)(1) [1] - The company was given until January 13, 2025, to regain compliance but failed to meet the requirement, leading to the delisting determination [1] - On December 18, 2024, the company requested an appeal to the Nasdaq Hearings Panel, which has scheduled a hearing for February 6, 2025, to review the delisting decision [2] - The appeal hearing request temporarily suspends any delisting action until the hearing outcome is determined [2] - The company believes its improved financial position supports the continued listing of its securities on the Nasdaq Global Market [2] Background on Delisting Notification - On December 11, 2024, the company was notified of potential delisting from the Nasdaq Global Market unless an appeal was filed by December 18, 2024 [3] - The previously submitted compliance plan did not demonstrate the company's ability to achieve or sustain compliance with Nasdaq's continued listing requirements [3] - The Nasdaq Hearings Panel will consider the Staff Determination in making its final decision on the company's continued listing [3] Company Overview - HUB Cyber Security Ltd was founded in 2017 by veterans of the Israeli Defense Forces' elite intelligence units [4] - The company specializes in advanced cybersecurity solutions, including encrypted computing and data theft prevention, operating in over 30 countries [4] - HUB provides innovative cybersecurity computing appliances and a wide range of cybersecurity services globally [4] Forward-Looking Statements - The press release contains forward-looking statements regarding the company's expectations, strategies, and future financial performance [5][6] - These statements are subject to uncertainties, risks, and changes in circumstances, including geopolitical risks, competition, and liquidity challenges [6][7] - The company acknowledges that actual results may differ materially from those expressed or implied in the forward-looking statements [8] - HUB Security undertakes no obligation to update these statements unless required by applicable law or regulation [9]

TEL AVIV, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a global leader in advanced cybersecurity and data fabric technology, today announced that it has entered into a definitive agreement to acquire BlackSwan Technologies, Inc. (“BlackSwan”). The transaction is subject to customary closing conditions and is expected to close next week. This acquisition positions HUB as the dominant player in secured data fabric solutions - a critical s ...

Core Viewpoint - HUB Cyber Security Ltd has successfully restructured $7 million of its secured debt, representing over 60% of its total secured debt, which reflects the company's commitment to achieving financial stability and growth [1][2]. Financial Restructuring - The settlement agreement with United Mizrahi Tefahot Bank allows HUB to defer principal payments until mid-2025, enhancing liquidity and enabling operational expansion [2][6]. - The company is in advanced negotiations to refinance the remaining secured debt, with completion expected in the first quarter of 2025 [6]. Company Background - HUB Cyber Security Ltd was established in 2017 by veterans of the Israeli Defense Forces and specializes in advanced cybersecurity solutions [2]. - The company operates in over 30 countries, providing cutting-edge cybersecurity appliances and services to a diverse client base [2].

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 ...

Exhibit 99.1 HUB CYBER SECURITY LTD. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 (UNUDITAED) INDEX Page | Interim Condensed Consolidated Statements of Financial Position | 2–3 | | --- | --- | | Interim Condensed Consolidated Statements of Profit or Loss | 4 | | Interim Condensed Consolidated Statements of Comprehensive Income (Loss) | 5 | | Interim Condensed Consolidated Statements of Changes in Shareholders Equity (Deficit) | 6–7 | | Interim Condensed Consolidated Statements of ...