HUB Announces Reverse Share Split
Rhea-AI Summary
Hub Cyber Security (Nasdaq: HUBC) announced a 1-for-50 reverse share split of its ordinary shares, effective trading on a split-adjusted basis at market open on April 20, 2026. The split will change the CUSIP to M6000J184 and convert every 50 pre-split shares into one post-split share.
The company reported 64,102,600 issued and outstanding shares pre-split, which will result in 1,282,052 ordinary shares outstanding post-split after fractional share rounding; warrants retain existing symbols and CUSIPs.
Positive
- Outstanding shares reduced to 1,282,052 post-split
- Aims to help maintain Nasdaq minimum bid price compliance
- Outstanding Equity Rights adjusted to preserve economic effect
Negative
- Fractional shares will be rounded down, potentially reducing tiny holdings
- Smaller float may increase share price volatility after the split
Market Reaction – HUBC
Following this news, HUBC has declined 30.50%, reflecting a significant negative market reaction. Argus tracked a trough of -4.0% from its starting point during tracking. Our momentum scanner has triggered 48 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.18. This price movement has removed approximately $5M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner flags peers like XBP and MCRP moving up, while the scanner’s target_direction for HUBC is down and is_sector_move is false, indicating a stock-specific setup around this reverse split.
Previous Stock split Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | Reverse share split | Negative | -34.8% | Announced 1-for-15 reverse split to support Nasdaq bid-price compliance. |
| Mar 27 | Reverse share split | Negative | -18.0% | Announced 1-for-10 reverse split aiming to regain Nasdaq minimum bid compliance. |
Prior reverse share splits on Mar 27, 2025 (1-for-10) and Jan 14, 2026 (1-for-15) saw post-news moves of -18.04% and -34.83%, with an average move of -26.43%, indicating a history of negative reactions to such actions.
Over the past year, HUBC has already executed two reverse share splits: a 1-for-10 split effective Mar 28, 2025 and a 1-for-15 split effective Jan 15, 2026, each intended to lift the share price and support Nasdaq bid-price compliance. Both events led to sizable declines of -18.04% and -34.83%. Today’s 1-for-50 announcement follows this pattern of using splits to address a deeply depressed share price.
Historical Comparison
In the last 2 reverse split announcements, HUBC’s stock moved an average of -26.43%, showing that reverse splits have historically coincided with notable downside pressure.
HUBC has repeatedly implemented sizeable reverse splits (1-for-10, 1-for-15, now 1-for-50) to elevate its share price and address Nasdaq minimum bid-price compliance concerns.
Market Pulse Summary
The stock is dropping -30.5% following this news. A negative reaction despite the company’s aim to regain Nasdaq compliance fits HUBC’s pattern. Earlier reverse split announcements led to post-news moves averaging -26.43%. The new 1-for-50 action adds to a series of large reverse splits, underscoring persistent share-price weakness and the risk that structural pressures may outweigh any mechanical boost to the per-share price.
Key Terms
cusip financial
derivative securities financial
exercise price financial
nasdaq listing rule 5450(a)(1) regulatory
AI-generated analysis. Not financial advice.
TEL AVIV, Israel, April 16, 2026 (GLOBE NEWSWIRE) -- Hub Cyber Security Ltd. (Nasdaq: HUBC) (“HUB Security” or the “Company”), a global provider of confidential computing and secured data fabric technologies, today announced a 1-for-50 reverse share split of its ordinary shares, no par value per share (the “Ordinary Shares”). The Ordinary Shares will begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC (“Nasdaq”) at the open of business on Monday, April 20, 2026, under the existing trading symbol “HUBC,” however the Ordinary Shares will trade under a new CUSIP number, M6000J184. HUB Security’s outstanding warrants will continue to be traded under the symbols “HUBCW” and “HUBCZ” and the CUSIP numbers for such warrants will remain unchanged.
As a result of the reverse share split, every 50 issued and outstanding Ordinary Shares will automatically be converted into one Ordinary Share. No fractional shares will be issued as a result of the reverse share split. Instead, all fractional shares will be rounded down to the nearest whole share. The reverse share split affects all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company’s issued and outstanding Ordinary Shares, except for such minor adjustments that may result from the treatment of fractional shares. As of the date hereof, the Company had 64,102,600 Ordinary Shares issued and outstanding, which, following the effectiveness of the reverse share split, will result in 1,282,052 Ordinary Shares outstanding on a post-split basis (taking into effect the settlement of fractional shares).
The reverse share split will also affect the Company’s derivative securities, including outstanding notes, options, warrants and restricted share units (collectively, the “Outstanding Equity Rights”). Generally, the plans and other documents pertaining to the Outstanding Equity Rights include provisions providing for adjustments in the event of a reverse share split in order to maintain the same economic effect. Specifically, the exercise price and the number of Ordinary Shares issuable pursuant to Outstanding Equity Rights will be adjusted pursuant to the terms of such instruments in connection with the reverse share split.
The Company believes the reverse share split will increase the per share trading price of the Ordinary Shares and enable the Company to maintain compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1).
Additional information regarding the reverse share split can be found in the Company’s proxy statement furnished to the Securities and Exchange Commission on April 7, 2026.
For further information or inquiries, please contact: info@hubsecurity.com
About HUB Security Ltd.
HUB Cyber Security Ltd. (Nasdaq: HUBC) is a global leader in confidential computing, AI-driven data fabric, and cybersecurity. HUB’s Secured Data Fabric (SDF) empowers organizations to virtualize, secure, and analyze sensitive data across borders and silos generating real-time intelligence while meeting the highest regulatory standards. With operations across North America, Europe, and Israel, HUB partners with Fortune 100 companies, global banks, and sovereign institutions to secure the next generation of digital infrastructure.
Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “future,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “seem,” “should,” “will,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements are based on the current expectations of the management of HUB Security, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the HUB Security and the following: (i) significant uncertainty regarding the adequacy of HUB’s liquidity and capital resources and its ability to repay its obligations as they become due; (ii) the war between Israel and Hamas commenced in October 2023, which may harm Israel’s economy and HUB’s business; (iii) expectations regarding HUB’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB’s ability to invest in growth initiatives and pursue acquisition opportunities; (iv) the outcome of any legal or regulatory proceedings against HUB in connection with our previously announced internal investigation or otherwise; (v) the ability to meet stock exchange continued listing standards and remain listed on the Nasdaq; (vi) competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) limited liquidity and trading of HUB’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; and (x) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in HUB’s Annual Report on Form 20-F filed on May 1, 2025. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB Security or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in the press release. Except to the extent required by applicable law or regulation, HUB Security undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.
Investor Relations
Lytham Partners
Ben Shamsian
646-829-9701
shamsian@lythampartners.com
