Hub ( (HUBC) ) has shared an announcement.
HUB Cyber Security Ltd, a leader in cybersecurity, settled significant legal claims with Oppenheimer & Co. and Dominion Capital, reducing $16.6 million in liabilities to $7.5 million through favorable installment terms. These strategic settlements, supported by a $13.5 million financing arrangement with Claymore Capital, enhance HUB’s financial flexibility and position it for future growth, following a pivotal restructuring and acquisition period.
More about Hub
HUB Cyber Security Ltd, founded in 2017 by veterans of elite Israeli Defense Forces intelligence units, specializes in cutting-edge cybersecurity solutions aimed at safeguarding sensitive commercial and governmental information. The company’s portfolio includes advanced technologies for encrypted computing and data theft prevention, serving a diverse global client base across more than 30 countries.
YTD Price Performance: 19.14%
Average Trading Volume: 2,644,794
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $24.95M
For an in-depth examination of HUBC stock, go to TipRanks’ Stock Analysis page.