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HUB Cyber Security Reduces $5.7 Million Debt by 70%, Secures Additional Funding, Plans Long-Term Refinancing and Welcomes a New Word-Class Board Member
GlobeNewswire News Room· 2024-11-29 14:11
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 ...
HUB Cyber Security to Discuss First Half 2024 Financial Results and Provide Corporate Update on December 2, 2024
GlobeNewswire News Room· 2024-11-27 11:30
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) ...
HUB Security Announces Strategic Initiatives and Upcoming Financial Results Amid U.S. Market Penetration Plans
GlobeNewswire News Room· 2024-11-05 12:15
TEL AVIV, Israel, Nov. 05, 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, is pleased to provide an update on several initiatives and developments as it continues to enhance its market position and deliver value to its stakeholders. The Company anticipates releasing its financial results for the six months ended June 30, 2024, by the end of November. In addition, HUB Securit ...
HUB Security to Present at the 2024 ThinkEquity Conference
GlobeNewswire News Room· 2024-10-30 12:30
HUB Security to Present at the 2024 ThinkEquity Conference Tel Aviv, Israel, October 30, 2024 – PRISM MediaWire – HUB Cyber Security Ltd. (NASDAQ: HUBC) ("HUB Security" or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York. Mandarin Oriental · New York The ThinkEquity Conference gathers institutional investors, corporate clients, and ...
HUB Cyber Security .(HUBC) - Prospectus
2024-09-13 20:35
As filed with the Securities and Exchange Commission on September 13, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 HUB CYBER SECURITY LTD. (Exact name of registrant as specified in its charter) State of Israel 3576 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) HUB Cyber Security Ltd. 2 Kaplan Street Tel Aviv, Israel ...
HUB Security Announces $3.3 Million Investment to Accelerate Corporate Growth
GlobeNewswire News Room· 2024-08-19 11:00
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 ...
HUB Security Reports Fiscal 2023 Financial Results
GlobeNewswire News Room· 2024-08-16 15:43
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 ...
HUB Receives Nasdaq Notification Regarding Minimum Bid Price Requirement
Newsfilter· 2024-07-22 20:00
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]
HUB Cyber Security Provides Updates on Financial Reports and Recent Business Developments
Newsfilter· 2024-06-24 12:55
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]
HUB Cyber Security Provides Updates on Financial Reports and Recent Business Developments
GlobeNewswire News Room· 2024-06-24 12:55
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]