HUB Announces Reverse Share Split

Core Viewpoint - Hub Cyber Security Ltd. announced a 1-for-10 reverse share split of its ordinary shares, effective March 28, 2025, aiming to increase the per share trading price and regain compliance with Nasdaq's minimum bid price requirement [1][4]. Group 1: Reverse Share Split Details - The reverse share split will convert every 10 issued and outstanding ordinary shares into one ordinary share, with no fractional shares issued; fractional shares will be rounded down [2]. - The reverse share split will also adjust the Company's derivative securities, including outstanding notes, options, warrants, and restricted share units, to maintain the same economic effect [3]. Group 2: Company Overview - Hub Cyber Security Ltd. specializes in cybersecurity solutions, protecting sensitive commercial and government information, and operates in over 30 countries [5][11]. - The Company was established in 2017 by veterans of elite intelligence units of the Israeli Defense Forces and focuses on advanced encrypted computing solutions [5].