Articles from HUB Security

Nasdaq Hearings Panel Grants HUB Cyber Security Continued Listing on Nasdaq

TEL AVIV, Israel, Feb. 20, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a global leader in confidential computing and advanced data fabric technology, has successfully executed important settlements with both Oppenheimer & Co. Inc. and Dominion Capital, eliminating $9.1 million in legacy liabilities. The Company has reduced a combined $16.6 million in claims to a final settlement amount of just $7.5 million, structured under highly favorable installment terms, significantly strengthening HUB’s balance sheet and financial flexibility.

TEL AVIV, Israel, Feb. 19, 2025 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a global leader in confidential computing and advanced cybersecurity solutions, has secured a six-month extension on $11 million aggregate principal amount of convertible notes (plus accrued interest). This agreement enhances financial stability, optimizes the Company’s capital structure, and supports long-term growth.

TEL-AVIV, Israel, Sept. 14, 2023 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), announces a series of updates and initiatives aimed at further enhancing its commitment recovery of our positioning and value.

Hugo Goldman will remain with the Company to ensure an orderly transition

Completes Internal Investigation and Files Annual Report on Form 20-F for the Fiscal Year 2022

TEL AVIV, Israel, June 13, 2023 (GLOBE NEWSWIRE) -- HUB Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), received a notification on June 9, 2023 from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company’s ordinary shares, no par value (“Ordinary Shares”) had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”).

TEL AVIV, Israel, May 22, 2023 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd (NASDAQHUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced, as expected, that it has received a notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of not having timely filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022 (the “Annual Report”) with the Securities and Exchange Commission ("SEC"), the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the SEC . The Notice has no immediate effect on the listing or trading of the Company’s securities, which will continue to trade on Nasdaq, subject to the Company’s compliance with the other continued listing requirements of Nasdaq.

TEL AVIV, Israel, May 15, 2023 (GLOBE NEWSWIRE) -- HUB Security (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that due to the previously disclosed internal investigation by a special committee of independent directors (the “Special Committee”) that was appointed by the Company’s Board of Directors, the Company requires additional time to complete the process and file its Annual Report on Form 20-F for the fiscal year ended December 31, 2022.