HUB Cyber Security Updates on Final Steps Towards the Closing of its Transformative Acquisition of BlackSwan Technologies

Acquisition Progress - The acquisition of BlackSwan Technologies by HUB Cyber Security is on track, with the definitive agreement signed on January 15, 2025, and expected to close on or about January 28, 2025 [1] - The final steps involve completing routine regulatory and contractual requirements [1] Management's Focus - HUB's management is diligently working to ensure a smooth and proper conclusion of the transaction for the benefit of the company and its shareholders [2] CEO's Perspective - The acquisition is seen as transformative, positioning HUB as a potential market leader in secured data fabric solutions [3] - The deal is expected to unlock significant opportunities for cross-selling and cost optimization, accelerating profitability and cash flow generation [3] Company Overview - HUB Cyber Security was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces [3] - The company specializes in advanced cybersecurity solutions, protecting sensitive commercial and government information [3] - HUB operates in over 30 countries, offering encrypted computing technologies and innovative data theft prevention solutions [3] Forward-Looking Statements - The press release contains forward-looking statements regarding the anticipated benefits of the acquisition, market opportunity, and timeline to closing [4] - These statements are based on current expectations and are subject to uncertainties and changes in circumstances [5] - Risks and uncertainties include liquidity and capital resources, geopolitical risks, competition, and regulatory proceedings [5]