HUB Secures $7M In Debt Restructuring, Strengthening Financial Stability and Growth Trajectory

TEL AVIV, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB" or the "Company"), a leader in cybersecurity and advanced data fabric solutions, has successfully restructured $7 million of its secured debt with United Mizrahi Tefahot Bank ("UMTB") under a settlement agreement signed on December 19, 2024 between HUB and UMTB (the "Agreement"). The Agreement represents over 60% of HUB's secured debt, through its wholly-owned subsidiary Comsec Ltd., and reflects the C ...