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

Core Viewpoint - HUB Cyber Security Ltd has successfully restructured $7 million of its secured debt, representing over 60% of its total secured debt, which reflects the company's commitment to achieving financial stability and growth [1][2]. Financial Restructuring - The settlement agreement with United Mizrahi Tefahot Bank allows HUB to defer principal payments until mid-2025, enhancing liquidity and enabling operational expansion [2][6]. - The company is in advanced negotiations to refinance the remaining secured debt, with completion expected in the first quarter of 2025 [6]. Company Background - HUB Cyber Security Ltd was established in 2017 by veterans of the Israeli Defense Forces and specializes in advanced cybersecurity solutions [2]. - The company operates in over 30 countries, providing cutting-edge cybersecurity appliances and services to a diverse client base [2].