HUB Cyber Security has executed 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. To support these settlements, HUB has secured $13.5 million from Claymore Capital Pty Ltd. In exchange for long-term convertible notes, designed to fully fund the settlement obligations without requiring any cash outlay from HUB, as all payments under the settlements will be covered by Claymore. This highly favorable financing structure preserves liquidity, providing the Company with enhanced financial flexibility to focus on expansion and market growth. The five-year, zero-interest notes effectively refinance short-term liabilities from HUB’s balance sheet, reinforcing the Company’s commitment to long-term strategic financial management
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