Hub Cyber Security sale won't fully repay secured debt

Sale proceeds are intended to repay substantially all debt owed to the senior secured creditor but will be insufficient to repay it in full.

Rhea-AI Filing Summary

Hub Cyber Security Ltd. (HUBC) reported that it agreed to sell 100% of the issued and outstanding share capital of its subsidiaries QPoint Technologies Ltd., Aginix Engineering and Project Management Ltd., QPoint Solutions Ltd., Sensecom Consulting and Project Management Ltd., and Integral Telemanagement Services Ltd. to Martens Computer Consultants Ltd. and Malam Training Ltd.

The Israeli Competition Authority approved the sale on October 14, 2026, fulfilling one of the main conditions to closing. The Secured Creditor, with the consent of HUBC and the purchasers, applied to court to enforce its pledge on the shares and appoint Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over those shares, facilitating completion on the same commercial terms under court supervision. Proceeds are intended to repay substantially all debt owed to the Secured Creditor but will be insufficient to repay it in full. A hearing is scheduled for November 1, 2026, at 10:00 a.m. Israel time in the District Court of Tel Aviv-Jaffa. HUBC believes the sale will not prejudice its other creditors and says it is part of a comprehensive restructuring to reduce liabilities to third parties.

Key Figures

QPoint Group share capital agreed to be sold: 100%

1 metrics

QPoint Group share capital agreed to be sold 100% Issued and outstanding share capital of the named subsidiaries

Key Terms

share purchase agreement, registered pledge, joint receivers, conditions precedent, +1 more

5 terms

share purchase agreement financial

"entered into a share purchase agreement"

A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.

registered pledge regulatory

"secured by a registered pledge on the shares"

joint receivers regulatory

"appoint ... as joint receivers solely over the Pledged Shares"

conditions precedent regulatory

"satisfy the conditions precedent thereto"

Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.

senior secured creditor financial

"debt owed to a senior secured creditor"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which subsidiaries are included in HUBC's QPoint sale?

HUBC agreed to sell the issued and outstanding share capital of QPoint Technologies Ltd., Aginix Engineering and Project Management Ltd., QPoint Solutions Ltd., Sensecom Consulting and Project Management Ltd., and Integral Telemanagement Services Ltd. The purchasers are Martens Computer Consultants Ltd. and Malam Training Ltd.

Will HUBC's QPoint sale proceeds repay its secured debt in full?

No. Proceeds are intended to repay substantially all debt owed to the Secured Creditor, but HUBC states they will be insufficient to repay that debt in full.

When is the court hearing on HUBC's QPoint sale?

The hearing on the Secured Creditor's application is scheduled for November 1, 2026, at 10:00 a.m. Israel time at the District Court of Tel Aviv-Jaffa. The application seeks to enforce the pledge on the shares and appoint Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number 001-41634 

HUB Cyber Security Ltd.

Not Applicable

(Translation of registrant’s name into English)

30 Hacharoshet Street

Or Yehuda, Israel

+972-3-924-4074

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. 

☒ Form 20-F       ☐ Form 40-F

CONTENTS

Notice to Material Creditors Regarding Consensual Court Filing to Facilitate Court Supervised Completion of the QPoint Sale

As previously announced, HUB Cyber Security Ltd. (the “Company”) announced that it entered into a share purchase agreement with Martens Computer Consultants Ltd. and Malam Training Ltd. (collectively, the “Purchasers”), pursuant to which the Company agreed to sell (the “QPoint Sale”) to the Purchasers 100% of the issued and outstanding share capital of the Company’s subsidiaries, QPoint Technologies Ltd., Aginix Engineering and Project Management Ltd., QPoint Solutions Ltd., Sensecom Consulting and Project Management Ltd., and Integral Telemanagement Services Ltd. (collectively, the “QPoint Group”). The proceeds from the QPoint Sale are intended to be applied toward the repayment of substantially all of the debt owed to a senior secured creditor (the “Secured Creditor”), which is currently secured by a registered pledge on the shares of the QPoint Group (the “Pledged Shares”).

On October 14, 2026, the Israeli Competition Authority approved the QPoint Sale, fulfilling one of the main conditions to closing the QPoint Sale.

The Company hereby provides notice that, in order to complete the QPoint Sale and satisfy the conditions precedent thereto, the Secured Creditor has filed an application to the court, with the consent of the Company and the Purchasers, to enforce its pledge on the Pledged Shares and appoint Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over the Pledged Shares, to facilitate completion of the QPoint Sale on the same commercial terms, under court supervision.

Since the proceeds from the QPoint Sale are intended to repay the debt owed to the Secured Creditor under its secured loans, but will be insufficient to repay that debt in full, the Company believes that the QPoint Sale will not prejudice the Company’s other creditors. As previously announced, the QPoint Sale forms part of the measures being taken by the Company to implement a comprehensive restructuring and reduce its liabilities to third parties.

A hearing on the secured creditor’s application to the court is scheduled for November 1, 2026, at 10:00 a.m. Israel time at the District Court of Tel Aviv-Jaffa (Case No. 59179-10-26).

The information in this Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HUB Cyber Security Ltd.
Date: October 27, 2026	By:	/s/ Limor Zur-Stoller
		Limor Zur-Stoller
		Chief Financial Officer

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