Core Insights - HUB Cyber Security Ltd. has been selected by Cassa di Risparmio della Repubblica di San Marino S.p.A. for a €20 million digital banking and infrastructure modernization project [1][2] - The project aims to modernize the Bank's core technology ecosystem, focusing on regulatory compliance, advanced cybersecurity, and a complete overhaul of its banking platforms [2] - This initiative marks a significant milestone for HUB in its strategic expansion into the regulated banking sector, enhancing its reputation as a trusted partner in high-security environments [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 cutting-edge cybersecurity appliances and services to a diverse client base [4] - HUB's offerings include encrypted computing technologies and innovative data theft prevention solutions [4]

Core Viewpoint - Hub Cyber Security Ltd. announced a 1-for-10 reverse share split of its ordinary shares, effective March 28, 2025, aiming to increase the per share trading price and regain compliance with Nasdaq's minimum bid price requirement [1][4]. Group 1: Reverse Share Split Details - The reverse share split will convert every 10 issued and outstanding ordinary shares into one ordinary share, with no fractional shares issued; fractional shares will be rounded down [2]. - The reverse share split will also adjust the Company's derivative securities, including outstanding notes, options, warrants, and restricted share units, to maintain the same economic effect [3]. Group 2: Company Overview - Hub Cyber Security Ltd. specializes in cybersecurity solutions, protecting sensitive commercial and government information, and operates in over 30 countries [5][11]. - The Company was established in 2017 by veterans of elite intelligence units of the Israeli Defense Forces and focuses on advanced encrypted computing solutions [5].

Core Viewpoint - HUB Cyber Security Ltd. has announced a significant leadership transition with the appointment of Ms. Renah Persofsky as the new Active Chairperson of the Board, effective March 25, 2025, following Mr. Kasbian Nuriel Chirich's decision to step down for personal reasons [1][4]. Group 1: Leadership Transition - Mr. Kasbian Nuriel Chirich will remain on the Board as a director after stepping down as Chairperson [1]. - Ms. Renah Persofsky brings over 40 years of executive leadership experience across various sectors, which is expected to enhance HUB's corporate governance and support its growth objectives [2][4]. Group 2: Ms. Persofsky's Background - Ms. Persofsky has held significant roles, including Executive Chair of Green Gruff and Vice-Chair of Tilray Brands, and has experience with major institutions such as Tim Hortons and Canadian Tire [3]. - Her appointment is anticipated to strengthen the Board's contributions as HUB aims to become a leader in global cybersecurity and core-banking platforms [4]. Group 3: Company Overview - HUB Cyber Security Ltd. specializes in advanced cybersecurity solutions, protecting sensitive information for commercial and government clients, and operates in over 30 countries [6].

Core Points - HUB Cyber Security Ltd. has received a 14-day extension from the Nasdaq Hearings Panel to comply with the minimum bid price requirement, now having until April 14, 2025, to achieve 10 consecutive trading days of at least $1 per share [1][2] - The extension was granted after the Panel reviewed HUB's recent developments and progress, indicating confidence in the company's achievements and its roadmap for continued listing on Nasdaq [2] Company Overview - HUB Cyber Security Ltd. was established in 2017 by veterans of the Israeli Defense Forces and specializes in advanced cybersecurity solutions that protect sensitive commercial and government information [3] - The company offers encrypted computing technologies to prevent hardware-level intrusions and innovative data theft prevention solutions, operating in over 30 countries and serving a diverse client base [3]

Core Points - HUB Cyber Security Ltd. has received a 14-day extension from the Nasdaq Hearings Panel to comply with the minimum bid price requirement, now having until April 14, 2025, to achieve 10 consecutive trading days of at least $1 per share [1][2] - The Panel's decision was influenced by HUB's compliance with the continued listing requirements for the Market Value of Listed Securities and recent developments within the company [2] - CEO Noah Hershcoviz expressed confidence in the company's progress and the Panel's decision, indicating a positive outlook for HUB's continued listing on Nasdaq [2] Company Overview - HUB Cyber Security Ltd. was established in 2017 by veterans of elite intelligence units of the Israeli Defense Forces, specializing in advanced cybersecurity solutions [3] - The company offers encrypted computing technologies and data theft prevention solutions, operating in over 30 countries and serving a diverse client base [3]

Core Viewpoint - HUB Cyber Security Ltd. has successfully secured its continued listing on the Nasdaq Stock Market after meeting the minimum market value requirements and demonstrating a positive outlook for the company [1][3]. Group 1: Listing Decision - The Nasdaq Hearings Panel granted HUB Cyber Security's request for continued listing following a thorough review of the company's history, achievements, and compliance [2][3]. - As of February 7, 2025, the company's market value of listed securities (MVLS) exceeded the $35 million minimum requirement [3]. Group 2: Compliance Requirements - The company is required to file an application to transfer to The Nasdaq Capital Market by March 5, 2025, and must demonstrate compliance with minimum bid price and MVLS requirements by March 31, 2025 [3][4]. Group 3: Company Statements - The CEO of HUB Cyber Security emphasized the importance of maintaining Nasdaq compliance and uninterrupted trading as key priorities for shareholders, highlighting the company's commitment to strengthening investor confidence and executing its growth strategy [5]. Group 4: Company Overview - HUB Cyber Security Ltd. is recognized as a global leader in confidential computing and cybersecurity solutions, providing advanced data protection for enterprises and governments worldwide [10].

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]

Core Insights - HUB Cyber Security Ltd. has successfully settled $9.1 million in legacy liabilities, reducing a total of $16.6 million in claims to a final settlement of $7.5 million under favorable terms, enhancing its financial position [1][2][3] Financial Developments - The company secured $13.5 million from Claymore Capital through long-term convertible notes, which will cover settlement obligations without cash outlay from HUB, preserving liquidity and enhancing financial flexibility [2] - The five-year, zero-interest notes will refinance short-term liabilities, reinforcing HUB's commitment to long-term financial management [2] Strategic Direction - The CEO of HUB stated that the company is concluding a transitional period by resolving significant legacy liabilities, which were a top priority for management [3] - With these settlements completed, HUB is now focused on executing its growth strategy, following the acquisition of BlackSwan and an executive-level restructuring [3] - The company aims to capitalize on growing market demand and enhance long-term value for shareholders [3] Company Background - 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]

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]

Core Insights - HUB Cyber Security Ltd. has successfully completed the acquisition of BlackSwan Technologies, positioning itself to leverage a projected market opportunity exceeding $12.91 billion by 2032, focusing on advanced security, compliance, and regulatory technologies for banks, fintechs, and governments worldwide [1][2]. Company Overview - HUB Cyber Security Ltd. specializes in advanced cybersecurity solutions, protecting sensitive commercial and government information, and operates in over 30 countries [5]. - The company was founded in 2017 by veterans of the Israeli Defense Forces and offers encrypted computing technologies and data theft prevention solutions [5]. Acquisition Details - The acquisition of BlackSwan is expected to enhance HUB's capabilities in secured data fabric solutions, addressing the growing regulatory and cybersecurity demands faced by financial institutions [2][4]. - BlackSwan's solutions are already trusted by major global banks, fintech firms, and governments, and the two companies have been collaborating for six months to secure new contracts in regulatory technology [3]. Financial Projections - HUB anticipates significant revenue growth from the combined operations, projecting additional bookings of over $25 million in 2025, driven by new customer acquisitions and operational synergies [4].