HUB Cyber Security Secures Six-Month Extension on $11M Notes, and Strengthens Shareholder Equity

Core Viewpoint - HUB Cyber Security Ltd. has secured a six-month extension on $11 million of convertible notes, enhancing financial stability and supporting long-term growth [1][3] Financial Agreement - The investor's warrants to purchase 13 million ordinary shares were amended to reclassify them from debt to equity, strengthening HUB's balance sheet [2] - In return, the investor received warrants to purchase 2 million ordinary shares and pre-funded warrants to purchase 10 million ordinary shares, ensuring long-term shareholder alignment [2] Management Commentary - CEO Noah Hershcoviz emphasized the company's commitment to financial discipline and asset optimization, positioning HUB for market expansion and cybersecurity innovation [3] Company Overview - HUB Cyber Security Ltd. was established in 2017 by veterans of the Israeli Defense Forces, specializing in advanced cybersecurity solutions [4] - The company operates in over 30 countries, providing encrypted computing technologies and data theft prevention solutions to a diverse client base [4]