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HUB Cyber Security (NASDAQ: HUBC) approves 1-for-50 reverse share split to support Nasdaq listing

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HUB Cyber Security Ltd. reports that shareholders approved the proposal presented at its Extraordinary General Meeting. The company is implementing a 1-for-50 reverse share split of its ordinary shares, effective for trading on Nasdaq on April 20, 2026, under the symbol HUBC with a new CUSIP. Every 50 issued and outstanding ordinary shares are being combined into one share, with fractional shares rounded down. The company states that it had 64,102,600 ordinary shares outstanding before the action and expects approximately 1,282,052 ordinary shares outstanding afterward, while each holder’s percentage ownership remains essentially unchanged aside from minor rounding. The reverse split will proportionally adjust notes, options, warrants and restricted share units, and is intended to help maintain compliance with Nasdaq’s minimum bid price requirement.

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Insights

HUBC executes a 1-for-50 reverse split to support Nasdaq bid-price compliance while keeping ownership percentages broadly unchanged.

The company is consolidating every 50 ordinary shares into one share, reducing the count from 64,102,600 to about 1,282,052. This mechanical change does not add capital, but increases the trading price per share in the same proportion, assuming the market cap stays similar.

The filing notes that all shareholders are affected uniformly, with fractional shares rounded down, so relative ownership remains largely intact. Outstanding notes, options, warrants and RSUs will be adjusted to preserve their economic terms. The company explicitly links the action to maintaining compliance with Nasdaq Listing Rule 5450(a)(1) on minimum bid price, highlighting listing status as a key consideration.

Reverse split ratio 1-for-50 Reverse share split of ordinary shares
Shares outstanding pre-split 64,102,600 ordinary shares Issued and outstanding before reverse split
Shares outstanding post-split 1,282,052 ordinary shares Expected outstanding after reverse split and fractional settlement
Nasdaq listing rule Rule 5450(a)(1) Minimum bid price requirement referenced as rationale
New CUSIP for ordinary shares M6000J184 CUSIP for post-split Nasdaq-traded ordinary shares
reverse share split financial
"today announced a 1-for-50 reverse share split of its ordinary shares"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Ordinary Shares financial
"a 1-for-50 reverse share split of its ordinary shares, no par value per share"
Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.
Outstanding Equity Rights financial
"including outstanding notes, options, warrants and restricted share units (collectively, the “Outstanding Equity Rights”)"
Nasdaq Listing Rule 5450(a)(1) regulatory
"maintain compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1)"
Nasdaq Listing Rule 5450(a)(1) is a continued-listing standard that sets a minimum share price companies must maintain to remain listed on the Nasdaq market—commonly a $1.00 per-share threshold. Investors care because falling below that floor can trigger a compliance review and possible delisting, which is like failing a minimum grade and losing access to the public market; delisting can reduce liquidity, visibility and the ability to raise capital.
confidential computing technical
"a global leader in confidential computing, AI-driven data fabric, and cybersecurity"
Confidential computing is a technology that keeps data secure while it is being processed or analyzed, even from the systems that run the calculations. Think of it like a locked box where sensitive information is kept safe inside, no matter what happens during the work. This helps protect private data from unauthorized access, making it especially important for businesses and investors concerned about data privacy and security.

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-41634

 

HUB Cyber Security Ltd.
(Exact Name of Registrant as Specified in Its Charter)

 

2 Kaplan St.
Tel Aviv 6473403, Israel
+972-3-924-4074
(Address of principal executive offices)

 

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

 

Form 20-F ☒              Form 40-F ☐

 

 

 

 

 

CONTENTS

 

 

Results of Extraordinary General Meeting

 

On April 20, 2026, the Company held an Extraordinary General Meeting of Shareholders (the “Meeting”), at the Company’s offices located at 2 Kaplan Street, Tel Aviv, Israel. The proposal on the Meeting’s agenda is described in the Company’s Proxy Statement for the Meeting, which was attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K, furnished to the Securities and Exchange Commission, dated April 7, 2026. The proposal was voted upon and approved by the requisite majority of the Company’s shareholders.

 

Press Release

 

On April 16, 2026, the Company issued a press release titled “HUB Announces Reverse Share Split.” A copy of each of this press release is attached to this Form 6-K as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Report on Form 6-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (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.

 

1

 

EXHIBIT INDEX

 

Exhibit
Number
  Description
99.1   Press release entitled “HUB Announces Reverse Share Split”, dated April 16, 2026.

 

2

 

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: April 20, 2026 By: /s/ Limor Zur-Stoller
    Limor Zur-Stoller
    Chief Financial Officer

 

3

 

Exhibit 99.1

 

HUB Announces Reverse Share Split

 

4.16.2026

 

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

 


 

 

FAQ

What reverse share split did HUBC approve in this Form 6-K?

HUB Cyber Security Ltd. approved a 1-for-50 reverse share split of its ordinary shares. Every 50 existing shares are combined into one, increasing the per-share price while leaving each investor’s percentage ownership largely unchanged apart from minor rounding on fractional shares.

How does HUBC’s reverse share split affect the number of shares outstanding?

HUBC states it had 64,102,600 ordinary shares outstanding before the reverse split. After the 1-for-50 consolidation and fractional share settlement, it expects approximately 1,282,052 ordinary shares outstanding, a proportionate reduction consistent with the announced split ratio.

When will HUBC’s post-split shares begin trading on Nasdaq?

The company expects its split-adjusted ordinary shares to begin trading on Nasdaq at the open of business on April 20, 2026. The ticker symbol will remain HUBC, but the shares will trade under a new CUSIP number, M6000J184, reflecting the adjusted capital structure.

Will HUBC shareholders’ ownership percentages change after the reverse split?

The company states the reverse share split affects all shareholders uniformly and does not alter percentage ownership, except for minor changes from rounding down fractional shares. Each investor’s stake in the total outstanding ordinary shares therefore remains substantially the same as before the consolidation.

Why is HUBC implementing a 1-for-50 reverse share split?

HUBC says it believes the reverse share split will increase the per-share trading price of its ordinary shares. The company states this is intended to help maintain compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1), supporting its continued stock exchange listing.

How are HUBC’s warrants and other equity rights affected by the reverse split?

The company explains that its outstanding notes, options, warrants and restricted share units will be adjusted for the reverse split. Exercise prices and underlying share amounts will change so the overall economic effect for holders remains the same, while trading symbols and CUSIPs for warrants stay unchanged.

Filing Exhibits & Attachments

1 document