HUB Cyber Security Ltd. Confirms Settlement Progress with Oppenheimer & Co.

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]