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 ...

TEL AVIV, Israel, Aug. 16, 2024 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ: HUBC), a leading provider of cybersecurity solutions ("HUB Security" or the "Company"), today released its financial results for the fiscal year ended December 31, 2023. HUB has successfully retained a robust client base and has implemented a clear and ambitious growth strategy to establish itself as a leader in the Secured Data Fabric (SDF) sector. With top-tier talent onboard, the Company believes it is now poised for a d ...

Core Points - HUB Security Ltd has received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement due to its ordinary shares closing below $1.00 for 30 consecutive business days [2][4] - The company's business operations remain unaffected by this notification, and it plans to monitor its share price to regain compliance [3][4] - The company has an initial compliance period of 180 calendar days, ending on January 13, 2025, to meet the Minimum Bid Price Requirement [4] - If compliance is not regained within the initial period, the company may be eligible for an additional 180-day compliance period under certain conditions [5] - Failure to regain compliance within the granted periods may lead to delisting of the ordinary shares, pending an appeal [5]

Company Overview - HUB Cyber Security Ltd. specializes in confidential computing cybersecurity solutions and advanced data services, established in 2017 by veterans of the Israeli Defense Forces [3] - The company operates in over 30 countries, providing innovative cybersecurity computing appliances and a wide range of cybersecurity services [3] Recent Developments - The company is on track to release its annual financial reports within the next few weeks [1] - HUB Cyber Security has secured two deals with governmental entities, indicating a commitment to strategic expansion and enhancement of its offerings [2] - Significant progress is anticipated in its secure data fabric vertical by the end of the next quarter [2]

Company Overview - HUB Cyber Security Ltd was established in 2017 by veterans of the Israeli Defense Forces and specializes in unique cybersecurity solutions for sensitive commercial and government information [2] - The company operates in over 30 countries, providing advanced encrypted computing solutions and a wide range of cybersecurity services [2] Recent Developments - The company has secured two deals with governmental entities, indicating its commitment to strategic expansion and enhancing its offerings [1] - HUB anticipates significant progress in its secure data fabric vertical by the end of the next quarter [1] Financial Outlook - The company is on track to release its annual financial reports within the next few weeks [9]

Group 1 - The company is making progress towards a settlement regarding a $12 million dispute related to unpaid fees for SPAC merger-related services with Oppenheimer & Co [1] - HUB Cyber Security Ltd specializes in unique cybersecurity solutions, protecting sensitive commercial and government information, and operates in over 30 countries [2] - The company has introduced advanced encrypted computing solutions to prevent hostile intrusions at the hardware level and a novel set of data theft prevention solutions [2] Group 2 - The press release includes forward-looking statements regarding the anticipated benefits of the transaction and the financial condition of the combined company [3][8] - There are inherent uncertainties and risks associated with the forward-looking statements, including potential impacts from geopolitical events and competition [8][4] - The company emphasizes that actual results may vary materially from those expressed or implied in the forward-looking statements due to various risks and uncertainties [4][8]

TEL AVIV, Israel, May 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ: HUBC) is excited to announce its joint participation with BlackSwan Technologies (BST) in the upcoming Money 20/20 event next week. Together, the strategic partners will demonstrate the cutting-edge Secured Data Fabric (SDF) solution, designed to facilitate secure access to data across multiple sectors. The SDF solution is specifically engineered to ensure that sensitive information can be accessed in a controlled ...

Company Overview - HUB Cyber Security Ltd. is a cybersecurity company established in 2017 by veterans of the Israeli Defense Forces, specializing in unique cybersecurity solutions for sensitive commercial and government information [3] - The company operates in over 30 countries, providing innovative cybersecurity computing appliances and a wide range of cybersecurity services globally [3] Product Announcement - HUB Cyber Security Ltd. will jointly participate with BlackSwan Technologies in the upcoming Money 20/20 event to showcase their Secured Data Fabric (SDF) solution [1] - The SDF solution is designed to ensure secure access to sensitive information across various sectors, including healthcare, government, energy, defense, and finance [2] Technology Features - The SDF solution provides robust data management and accessibility features, allowing organizations to manage and access their data securely without compromising confidentiality or integrity [2] - The technology aims to offer advanced protection and control over sensitive information, which is increasingly critical as industries rely more on data for their operations [3]

TEL AVIV, Israel, May 23, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and advanced data services ("HUB" or the "Company"), today announced that it requires additional time to complete the audit of its annual financial statements and file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 (the "Annual Report") with the Securities and Exchange Commission ("SEC"). Additional time is required pri ...

Core Viewpoint - HUB Cyber Security Ltd. requires additional time to complete the audit of its annual financial statements and file its Annual Report for the fiscal year ended December 31, 2023, primarily due to a recent strategic acquisition and ongoing debt restructuring efforts [1][2]. Group 1: Financial Reporting and Compliance - The delay in filing the Annual Report has led to a notice of non-compliance from Nasdaq, but this does not immediately affect the listing or trading of HUB's securities [3]. - HUB has until July 19, 2024, to submit a plan to regain compliance with Nasdaq Listing Rules, with the possibility of an extension until November 11, 2024, if the plan is accepted [4]. Group 2: Company Background and Operations - HUB Cyber Security Ltd. specializes in cybersecurity solutions, protecting sensitive commercial and government information, and operates in over 30 countries [5].