HUB Security Announces $3.3 Million Investment to Accelerate Corporate Growth
Hub Cyber Security Ltd. (HUBC)
Company Research
Source: GlobeNewswire
TEL AVIV, Israel, Aug. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric ("HUB Security" or the "Company"), is pleased to announce the successful completion of a $3.3 million private placement from non-U.S. investors. This investment is in the form of convertible notes with a conversion price of $0.70 per share. As part of the transaction, the Company has also issued warrants with an exercise price of $1.00 per share. In parallel, HUB Security is engaged in discussions to extend the maturity date of a $4.0 million principal note, originally due in August 2024, as part of its broader financial strategy. Noah Hershcoviz, CEO of HUB, commented, “We are pleased to secure an investment from a group of esteemed investors who value our strategic vision and operational strengths. This capital will enable us to advance our growth initiatives and continue to deliver value to
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HUBC
News
- HUB Receives Nasdaq Notification Regarding Total Assets and Total Revenue Non-compliance [Financial Post (Toronto, Ontario, Canada)]Financial Post
- HUB Receives Nasdaq Notification Regarding Total Assets and Total Revenue Non-complianceGlobeNewswire
- HUB Security Formalizes Collaboration with Blackswan Technologies to Lead the Rapidly Growing Secured Data Fabric (SDF) Multi-Billion Dollar Market [Financial Post (Toronto, Ontario, Canada)]Financial Post
- HUB Security Formalizes Collaboration with Blackswan Technologies to Lead the Rapidly Growing Secured Data Fabric (SDF) Multi-Billion Dollar Market [Yahoo! Finance]Yahoo! Finance
- HUB Security Formalizes Collaboration with Blackswan Technologies to Lead the Rapidly Growing Secured Data Fabric (SDF) Multi-Billion Dollar MarketGlobeNewswire
HUBC
Sec Filings
- 10/22/24 - Form 20-F/A
- 9/18/24 - Form 6-K
- 9/13/24 - Form F-1
- HUBC's page on the SEC website