Recent Updates — HUBCZ
Hub Cyber Security has filed an application with the Israeli District Court, consented to by the company and purchasers Martens Computer Consultants Ltd. and Malam Training Ltd., to enforce a pledge on the shares of its QPoint Group subsidiaries. This legal step is required to facilitate the completion of the previously announced sale of these assets, which received approval from the Israeli Competition Authority on October 14, 2026. Proceeds will repay substantially all debt owed to a senior secured creditor, though amounts are insufficient for full repayment. A hearing is scheduled for November 1, 2026. Hub Cyber Security Ltd. operates in the cybersecurity industry.
The Board of Directors appointed Richard Paolone and Joseph Tung as independent members effective October 13, 2026. Both are securities lawyers with prior U.S.-listed board experience. The appointments aim to strengthen governance during a comprehensive restructuring and exploration of strategic alternatives. HUB Cyber Security Ltd. operates in confidential computing, AI-driven data fabric, and cybersecurity.
On September 23, 2026, Hub Cyber Security Ltd. received a Nasdaq deficiency letter indicating its Market Value of Listed Securities (MVLS) fell below the $35 million minimum requirement for 30 consecutive business days. The company has an 180-day compliance period ending March 22, 2027, to restore MVLS to at least $35 million for ten consecutive trading days. Failure to comply may result in delisting proceedings, though the securities continue to trade under ticker HUBC during this time. Hub Cyber Security Ltd. operates in confidential computing, AI-driven data fabric, and cybersecurity.
Hub Cyber Security Ltd. announced a 1-for-25 reverse share split of its ordinary shares, effective at 11:59 p.m. Eastern Time on September 11, 2026. Trading on the Nasdaq Stock Market will resume on a split-adjusted basis on Monday, September 14, 2026, under the existing symbol HUBC and a new CUSIP number M6000J309. The transaction reduces outstanding shares from approximately 44.9 million to roughly 1.8 million, with fractional shares rounded down. This action aims to increase the per-share trading price and maintain compliance with Nasdaq’s minimum bid price requirement under Listing Rule 5450(a)(1). Hub Cyber Security Ltd. operates in the cybersecurity industry, providing confidential computing and secured data fabric technologies.
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.