HUB Receives Expected Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 20-F for Fiscal Year 2025
Rhea-AI Summary
Hub Security (Nasdaq:HUBC) received a Nasdaq deficiency notice on May 18, 2026 for not filing its fiscal 2025 Form 20-F. The notice, under Rule 5250(c)(1), does not currently affect listing or trading. HUBC has until July 17, 2026 to submit a compliance plan and could receive up to November 11, 2026 to regain compliance.
Positive
- Current Nasdaq deficiency notice has no immediate effect on HUBC listing or trading
- Company has 60 days, until July 17, 2026, to submit compliance plan
- Potential 180-day extension, to November 11, 2026, to regain compliance
- Company reports working diligently to finalize and file Form 20-F
Negative
- HUBC is non-compliant with Nasdaq Rule 5250(c)(1) due to delayed Form 20-F
- Deficiency notice is in addition to prior market value listing non-compliance
- Failure to regain compliance could lead to Nasdaq delisting of HUBC securities
- No assurance Nasdaq will accept HUBC’s compliance plan or grant extension
- No assurance Form 20-F will be filed within any applicable cure period
News Market Reaction – HUBC
On the day this news was published, HUBC declined 9.08%, reflecting a notable negative market reaction. Argus tracked a trough of -17.1% from its starting point during tracking. Our momentum scanner triggered 16 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $16K from the company's valuation, bringing the market cap to $164,102 at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 16 | Reverse share split | Negative | -29.5% | 1-for-50 reverse split to adjust share count and trading price. |
| Mar 31 | Leadership change | Negative | -10.4% | CEO resignation with chairperson assuming a larger management role. |
| Mar 04 | Strategic project update | Positive | -11.1% | Highlighting Tivani expansion into antimony and embedding trust infrastructure. |
| Feb 27 | Project milestone | Positive | +29.3% | Tivani project entering pre-construction with HUB trust infrastructure integration. |
| Feb 17 | Acquisition term sheet | Positive | -15.4% | Term sheet to acquire Ferrox and Tivani asset with staged equity consideration. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
News and corporate actions have often seen negative reactions, especially reverse split and governance/strategic announcements, with only one recent Tivani project milestone drawing a positive move.
Over the last few months HUBC reported a reverse share split effective April 20, 2026, a CEO resignation on March 31, 2026, and several announcements around the Tivani Tier‑1 Critical Minerals Project. The reverse split and leadership transition were followed by double‑digit percentage declines. Earlier Tivani-related term sheets and project updates produced mixed reactions, including one strong positive move of 29.26%. Against this backdrop, the Nasdaq deficiency notice for the delayed 2025 Form 20‑F adds another compliance overhang to an already pressured share price.
Key Terms
form 20-f regulatory
nasdaq listing rule 5250(c)(1) regulatory
deficiency notification regulatory
nasdaq listing rule 5815(a) regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
TEL-AVIV, Israel, May 21, 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 that it received a letter (the “Letter”) on May 18, 2026, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it has not yet filed its Annual Report on Form 20-F for the period ended December 31, 2025 (the “Form 20-F”) with the Securities and Exchange Commission (the “SEC”). The Letter is standard practice in the event of a delayed periodic financial report filing. The Letter is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on Nasdaq. The Letter is in addition to the previously disclosed letter regarding the Company’s non-compliance with Nasdaq’s continued listing standards related to market value of listed securities.
In accordance with Nasdaq Listing Rules, the Company has 60 calendar days (until July 17, 2026) to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the Form 20-F, or until November 11, 2026, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company fails to timely regain compliance with Nasdaq’s listing rules, the securities of the Company will be subject to delisting on Nasdaq.
The Company is continuing to work diligently to finalize and file the Form 20-F as soon as possible within the timeline prescribed by Nasdaq. However, there can be no assurance that the Company will be able to file the Form 20-F within any applicable cure period.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
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) 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) the war between Israel and Hamas commenced in October 2023, which may harm Israel’s economy and HUB’s business; (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
