HUB Cyber Security Announces Receipt of Nasdaq Notification Regarding Market Value of Listed Securities Requirement
Trading continues for now, but HUB must restore its listed-securities market value to meet Nasdaq's continued-listing requirement.
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Rhea-AI Summary
HUB Cyber Security (HUBC) received a Nasdaq notice on September 23, 2026, for not meeting a continued-listing requirement. Its market value of listed securities does not meet the US$35 million minimum for the Nasdaq Capital Market. The notice has no immediate effect on its listing, and its ordinary shares continue trading under HUBC.
HUB has 180 calendar days, until March 22, 2027, to regain compliance. Its listed-securities market value must close at US$35 million or more for at least 10 consecutive business days. If HUB misses the deadline, Nasdaq will notify it that its securities are subject to delisting. HUB could request a hearing, which would stay suspension or delisting until the hearing process ends.
Positive
- Ordinary shares continue trading on Nasdaq; the notice has no immediate listing effect.
- 180-calendar-day period gives HUB until March 22, 2027, to regain compliance.
- A hearing request would stay suspension or delisting pending the hearing process.
Negative
- Listed-securities market value does not meet Nasdaq's US$35 million continued-listing minimum.
- Compliance requires a close of at least US$35 million for 10 consecutive business days.
- Delisting notice will follow if HUB does not regain compliance by March 22, 2027.
Details
News Market Reaction – HUBC
On Sep 28, the first trading day after this news, HUBC closed 21.58% below the previous close. Argus tracked a trough of -33.8% from its starting point during tracking. Our momentum scanner recorded 33 alerts for this stock that day. That session’s volume was 2.2x the stock’s average daily volume.
Data tracked by StockTitan Argus for the Sep 28 session.
Key Figures
- Minimum MVLS requirement
- US$35 million
- Nasdaq continued-listing threshold
- Compliance period
- 180 calendar days, through March 22, 2027
- Period to regain compliance
- Required consecutive trading period
- 10 consecutive business days
- Threshold-closing condition for compliance
Historical Context
-
Nasdaq confirmed HUB met the same $35 million MVLS threshold for 20 consecutive business days.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
market value of listed securities regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
TEL AVIV, Israel, Sept. 25, 2026 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”) today announced that on September 23, 2026 it received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that it is currently not in compliance with Nasdaq Listing Rule 5550(b)(2), which requires the Company to maintain a minimum Market Value of Listed Securities of US
Pursuant to Nasdaq Listing Rule 5810(c)(3)(C), the Company has a compliance period of 180 calendar days, or until March 22, 2027 (the “Compliance Period”), to regain compliance with Nasdaq’s MVLS Requirement. If at any time during the Compliance Period, the Company’s MVLS closes at US
The Company intends to take all reasonable measures available to regain compliance with MVLS Requirement under the Nasdaq Listing Rules and to remain listed on Nasdaq. However, there can be no assurances that the Company would ultimately be able to regain compliance with all applicable requirements for continued listing on the Nasdaq Capital Market.
For further information or inquiries, please contact: info@hubsecurity.com
About HUB Cyber Security Ltd.
HUB Cyber Security Ltd. (Nasdaq: HUBC) has operated in confidential computing, AI-driven data fabric, and cybersecurity. HUB’s Secured Data Fabric has historically empowered organizations to virtualize, secure, and analyze sensitive data across borders and silos generating real-time intelligence while meeting the highest regulatory standards. HUB is currently implementing a comprehensive restructuring, during which its Board of Directors and management team have taken steps to improve liquidity, simplify the Company’s organizational structure, cut operating costs and strengthen corporate governance. The Board of Directors continues to explore various strategic alternatives intended to maximize value for shareholders and position HUB for future growth.
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) the ability to meet stock exchange continued listing standards and remain listed on the Nasdaq; (ii) significant uncertainty regarding the adequacy of HUB’s liquidity and capital resources and its ability to repay its obligations as they become due; (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) competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vi) limited liquidity and trading of HUB’s securities; (vii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (viii) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; and (ix) 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 July 17, 2026. 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.
Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by the management of HUB Security 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How can HUB Cyber Security regain compliance with Nasdaq's market-value requirement?
HUB must have a market value of listed securities that closes at US$35 million or more for at least 10 consecutive business days during its compliance period. If it does, Nasdaq will provide written confirmation that HUB has regained compliance.
What happens if HUB Cyber Security misses its Nasdaq compliance deadline?
If HUB does not regain compliance by March 22, 2027, Nasdaq will notify it that its securities are subject to delisting. HUB could request a hearing before an independent panel; that request would stay suspension or delisting until the hearing process ends.