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Recent Updates — HUBC

August 4, 2026View Source ↗

Hub Cyber Security Ltd. filed a 6-K furnishing its Notice and Proxy Statement for the 2026 Annual General Meeting scheduled for September 8, 2026. The company seeks shareholder approval for several proposals, including designating Vineet Malhotra as a Class I Director, re-approving director compensation policies, and approving fees of up to $200,000 for the chair and $125,000 for other members of its Transactions and Restructuring Committee. Crucially, shareholders are asked to authorize one or more reverse share splits with an aggregate ratio ranging from 1-for-5 to 1-for-1,000, with the exact terms determined by the Board. The filing also proposes increasing authorized share capital from approximately 66.7 million to 1 billion shares and approving a private placement of ordinary shares and pre-funded warrants related to Evofem Biosciences notes. Hub Cyber Security Ltd. operates in the cybersecurity industry.

August 4, 2026View Source ↗

On August 4, 2026, Hub Cyber Security Ltd. entered into a share purchase agreement to sell 100% of its QPoint Group subsidiary to Martens Computer Consultants Ltd. and Malam Training Ltd. for approximately NIS 26.5 million ($8.7 million). The consideration is based on two times the agreed gross profit for fiscal year 2025, with the transaction structured as cash-free and debt-free. Proceeds are designated to repay substantially all debt secured by QPoint shares. Closing is contingent upon Israel Competition Authority clearance and other customary conditions. Hub Cyber Security Ltd. operates in the cybersecurity industry, providing confidential computing and AI-driven data fabric solutions.

August 4, 2026View Source ↗

On July 21, 2026, Hub Cyber Security Ltd. closed on a transaction to purchase $4 million in Evofem Biosciences purchase rights for an aggregate consideration of $15.2 million, payable via the issuance of 590,107 ordinary shares and 9,543,226 pre-funded warrants at $1.50 per share equivalent. The company also engaged PR Capital Limited Co. as a financial advisor for potential transactions with Evofem, compensating it with 2,627,118 advisory fee shares, including 2,101,694 restricted shares subject to forfeiture if the transaction does not close. Additionally, Hub Cyber mutually terminated its previously disclosed term sheet to acquire Ferrox Critical Minerals Ltd., ending discussions regarding that South African minerals project.

August 3, 2026View Source ↗

Hub Cyber Security Ltd. regained compliance with Nasdaq’s Market Value of Listed Securities requirement, which mandates a minimum market value of $35 million. The company received written confirmation from Nasdaq on July 31, 2026, that its MVLS remained at or above the threshold for 20 consecutive business days ending July 30, 2026, closing the matter initiated by a deficiency notice in January 2026. Hub Cyber Security Ltd. operates in confidential computing, AI-driven data fabric, and cybersecurity.

July 1, 2026View Source ↗

HUB Cyber Security Ltd. entered into purchase agreements on June 26, 2026, to acquire Evofem Biosciences, Inc. senior subordinated convertible notes and purchase rights for an aggregate purchase price of approximately $49,331,891, payable solely in the company's ordinary shares and pre-funded warrants. The acquisition of these instruments, which are convertible into approximately 1,008,275,740 shares of Evofem common stock, would grant the Company an 88% ownership of Evofem based on current outstanding shares. HUB Cyber Security Ltd. operates in the cybersecurity industry and provides security solutions for various sectors.