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 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 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's offerings include encrypted computing technologies and innovative 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].

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]

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]