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]

Core Viewpoint - HUB Cyber Security Ltd. has announced a definitive agreement to acquire BlackSwan Technologies, positioning itself as a leader in secured data fabric solutions for financial institutions [1][2][10] Company Summary - The acquisition is expected to close next week and is subject to customary closing conditions [1] - BlackSwan brings a portfolio of long-term contracts with major global banking institutions, enhancing HUB's existing capabilities [3][4] - The integration of BlackSwan's AI-powered technology is projected to reduce the total cost of ownership of complex financial systems by 50% while ensuring compliance with global regulations [5][7] - The combined entity will focus on providing advanced solutions across various industries, including banking, insurance, healthcare, and big data [6][10] Industry Summary - The market opportunity for the combined operations of HUB and BlackSwan is estimated to exceed $500 million, with significant growth expected in 2025 and 2026 due to increasing regulatory demands [8] - The acquisition underscores the need for financial institutions to address rising regulatory pressures and cyber threats, enhancing compliance solutions and operational efficiencies [7][10]

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 ...

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. ...

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 ...

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 ...

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 ...

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) ...