HUB Cyber Security (NASDAQHUBC) (“HUB”), a global leader in advanced cybersecurity and data fabric technology, today announced the closing of its highly anticipated acquisition of BlackSwan Technologies, Inc. “This acquisition marks a pivotal milestone for HUB, strengthening our position as a leader in secured data management and compliance solutions,” said Noah Hershcoviz, CEO of HUB Cyber Security. “We strongly believe BlackSwan’s innovative technologies will enable us to deliver unparalleled value to our clients, particularly in the financial sector, where the demand for robust security and compliance is especially high. With over $50 million invested in BlackSwan’s cutting-edge solutions, we are eager to bring this superior technology to our clients. Our projected revenues from the combined operations are expected to grow significantly and deliver additional bookings of over $25 million in 2025, driven by new customer acquisitions and enhanced operational synergies.”

This strategic acquisition positions HUB to capitalize on a projected $12.91 billion market by 2032 and deliver advanced security, compliance, and regulatory technologies to banks, fintechs, and governments worldwide.

HUB Cyber Security (NASDAQHUBC) (“HUB Security”) announced that its acquisition of BlackSwan Technologies is on track to close on or about Jan. 28, 2025, following the signing of a definitive agreement on Jan. 15. The final steps involve completing routine regulatory and contractual requirements. CEO Noah Hershcoviz described the acquisition as transformative, positioning HUB as a leader in secured data fabric solutions while creating opportunities for cross-selling and cost optimization to enhance profitability and cash flow.

TEL AVIV, Israel, Jan. 23, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric technology, is pleased to announce that the transaction process for the acquisition of BlackSwan Technologies, Inc. (“BlackSwan”) is on track, with the definitive agreement having been signed on January 15, 2025, as previously announced. The final steps towards closing are focused on completing routine regulatory and contractual requirements, and the transaction is expected to close on or about Tuesday, January 28, 2025.

TEL AVIV, Israel, Jan. 21, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announced receipt of a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”). In accordance with the minimum bid price required for continued listing under Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”), the Company was provided until January 13, 2025, to regain compliance with the Minimum Bid Price Requirement, and as of this date the Company has not regained compliance with the requirement. Accordingly, the Staff Determination serves as a basis for delisting of the Company’s securities from The Nasdaq Stock Market.

HUB estimates the combined market opportunity at $500 million and expects it to grow in 2025 and 2026.

HUB Cyber Security (NASDAQHUBC) (“HUB”), a global leader in advanced cybersecurity and data fabric technology, today announced its entry into a definitive agreement to acquire BlackSwan Technologies Inc. (“BlackSwan”). “This acquisition represents a transformative step for HUB, which we believe will solidify our position as a secured data management and compliance solutions leader,” said Noah Hershcoviz, CEO of HUB Cyber Security. “We are on track for every single item delivered moving forward towards making HUB the unparalleled top choice for cybersecurity and data management solutions. BlackSwan’s groundbreaking technologies will enable us to deliver unmatched value to our clients, particularly in the financial sector, where the stakes for security and compliance have never been higher.”

TEL AVIV, Israel, Jan. 16, 2025 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a global leader in advanced cybersecurity and data fabric technology, today announced that it has entered into a definitive agreement to acquire BlackSwan Technologies, Inc. (“BlackSwan”). The transaction is subject to customary closing conditions and is expected to close next week.

HUB Cyber Security (NASDAQHUBC) (“HUB”), a leader in cybersecurity and advanced data fabric solutions, today provided an update on recent filings and share registrations. According to the announcement, the company filed an update to its registration statement with the U.S. Securities and Exchange Commission on Dec. 31, 2024. “These updates are a key part of our strategy to strengthen HUB’s financial position and support future growth,” said Noah Hershcoviz, CEO of HUB. “By addressing important financial elements, we’re positioning the company to capitalize on future opportunities while ensuring transparency with our investors.”

TEL AVIV, Israel, Jan. 02, 2025 (GLOBE NEWSWIRE) -- via IBN –  HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a leader in cybersecurity and advanced data fabric solutions, provides an update on recent filings and share registrations.

Settlement Agreement Covers Over 60% of the Company’s Secured Debt; Principal Payments Deferred to Mid-2025

TEL AVIV, Israel, Dec. 17, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announced receipt of a Staff Delisting Determination (the "Staff Determination") from the Listing Qualifications Department of the Nasdaq Stock Market, LLC ("Nasdaq"). The Company was notified that Nasdaq has determined to delist the Company's securities from the Nasdaq Global Market. As a result, the Company is exercising its right to request an appeal (the “Appeal”) of the Staff Determination before the Nasdaq Hearings Panel (the “Panel”). Such Appeal hearing request will result in a stay of any suspension or delisting action pending the Appeal hearing, and in the meantime, the Company’s securities will continue to be fully tradeable and listed on the Nasdaq Global Market

HUB Cyber Security (NASDAQHUBC) (“HUB Security”) reported revenue of $15.7 million for H1 2024, down from $25.0 million in H1 2023, reflecting a strategic shift away from less profitable segments. Despite the revenue decrease, the company improved its gross margin to 9.5%, up from -7.6% in the prior year, due to a focus on higher-margin areas. Operating expenses were significantly reduced by 71%, and the operating loss decreased by 74%. HUB is positioning itself for future growth with its Secured Data Fabric platform, which consolidates data securely and is gaining strong traction across industries, particularly in financial institutions. The company’s strategic restructuring and focus on its innovative solutions are expected to drive continued growth, with projected revenue increases in H2 2024. HUB is also advancing its “HUB 360” approach, targeting financial institutions with high-margin opportunities.

A Year of Transformation, Momentum, and Leadership in Secure Data Solutions and Modern Compliance

HUB Cyber Security (NASDAQHUBC) (“HUB Security”), a leading provider of cybersecurity solutions and advanced data fabric, on Friday announced an agreement with AGP to reduce by 70% its $5.7 million convertible note obligations by way of amicably negotiated settlement. The move is part of the company’s strategic efforts to strengthen its balance sheet and reduce overall debt. HUB Security also announced securing an additional $1 million investment from a private investor who previously invested an aggregate of $10 million in the company, supporting growth and key end-of-year initiatives. The company is additionally pursuing the refinance of a $7.5 million debt into a long-term settlement to further solidify its financial foundation. Finally, HUB Security also announced the strategic appointment of Ms. Renah Persofsky to its board of directors and various committees.

Hub Cyber Security shares rise after announcing a 70% reduction in convertible note obligations, a new $1M investment, and board changes.

TEL AVIV, Israel, Nov. 29, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB Security” or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, announces an agreement with AGP to reduce by 70% its $5.7 million convertible note obligations by way of amicably negotiated settlement, as part of the Company’s strategic efforts to strengthen its balance sheet and reduce overall debt.

HUB Cyber Security (NASDAQHUBC), a prominent provider of cybersecurity solutions and advanced data fabric, will host a management-led conference call on Monday, Dec. 2, 2024, at 9 a.m. ET to review its financial results for the first half of 2024.

Conference call will be held on Monday, December 2, 2024, at 9:00 am ET

HUB Cyber Security (NASDAQHUBC) (“HUB”), a leading provider of cybersecurity solutions and advanced data fabric, has provided an update on several initiatives and developments as the company continues to enhance its market position and deliver value to its stakeholders. According to the announcement, HUB anticipates releasing its financial results for the six months ended June 30, 2024, by the end of November. In addition, the company reported a growing interest in expanding its products within its current customer base. A key contract with a leading European bank is expected to expand the HUB’s compliance offering from perpetual KYC services to using its advanced NLS (screening) solution to efficiently screen customers at onboarding and at a frequency of their choice.

TEL AVIV, Israel, Nov. 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQHUBC) (“HUB Security”; or the “Company”), a leading provider of cybersecurity solutions and advanced data fabric, is pleased to provide an update on several initiatives and developments as it continues to enhance its market position and deliver value to its stakeholders.

TEL AVIV, Israel, Aug. 29, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of cybersecurity solutions and services (the “Company”), was notified on August 23, 2024, by the Listing Qualifications department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is no longer in compliance with Nasdaq Listing Rule 5450(b)(3) (the “Total Assets and Total Revenue Requirement”) because the Company’s total assets and total revenue for the most recently completed fiscal year and two of the last three most recently completed fiscal years were each below the minimum $50 million threshold for continued listing on The Nasdaq Global Market.

HUB Cyber Security (NASDAQHUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric solutions, has formalized the terms of its collaboration with Blackswan Technologies (“BST”), a U.S. enterprise-artificial intelligence (“AI”) vendor. The company had announced the collaboration last year, and following a successful period of working together, HUB Security and BST are moving forward to codevelop and showcase innovative SDF solutions. The company noted that, as part of the partnership agreement, HUB Cyber Security has the exclusive option to acquire BST by August 22, 2025, subject to various conditions.

HUB and Blackswan Technologies Elevate Partnership to Penetrate Major Financial Institutions and Grant HUB the Option to Purchase BST. The Current Phase of the Collaboration Focuses on a Group of Banks in Western Europe, with a Deal Valued at Approximately €20 Million.