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.
Hub Cyber Security Ltd. identifies director Richard Paolone as a reporting person in an ownership statement.
Hub Cyber Security Ltd. appointed Richard Paolone and Joseph Tung as independent directors effective immediately on October 13, 2026. Both are securities and corporate finance lawyers with prior service on boards of U.S.-listed companies.
HUB is implementing a restructuring that includes steps to improve liquidity, simplify its organizational structure, cut operating costs and strengthen corporate governance. Its board continues to explore strategic alternatives intended to maximize shareholder value. The company’s forward-looking risk disclosures cite significant uncertainty about the adequacy of its liquidity and capital resources and its ability to repay obligations as they become due.
Hub Cyber Security Ltd. (HUBC) received a Nasdaq notice stating that its Market Value of Listed Securities (MVLS) had been below the $35 million continued-listing minimum for the prior 30 consecutive business days. The company has 180 calendar days, through March 22, 2027, to regain compliance.
Nasdaq will confirm compliance if MVLS closes at $35 million or more for at least 10 consecutive business days within that period. The notice has no immediate effect on the listing; HUBC’s ordinary shares continue trading uninterrupted on Nasdaq. If HUBC does not regain compliance, Nasdaq will notify it that its securities are subject to delisting, and HUBC may request a hearing before an independent panel. A hearing request would stay any suspension or delisting pending the hearing’s conclusion.
HUBC said it is evaluating options and intends to take reasonable measures to regain compliance. It also described an ongoing restructuring with steps to improve liquidity, simplify its organizational structure, cut operating costs and strengthen governance, while its board continues to explore strategic alternatives.
Hub Cyber Security Ltd. (HUBC) announced a 1-for-25 reverse share split of its ordinary shares, which becomes effective at 11:59 p.m. Eastern Time on September 11, 2026, with split-adjusted trading on Nasdaq beginning September 14, 2026 under the existing symbol HUBC.
Every 25 issued and outstanding ordinary shares will be converted into one share, reducing the share count from 44,895,531 to about 1,795,821, with fractional shares rounded down. The company states this action is intended to raise the share price and help maintain compliance with Nasdaq Listing Rule 5450(a)(1) amid an ongoing restructuring and liquidity challenges highlighted in its risk disclosures.
Hub Cyber Security Ltd. (HUBC) reported the voting results of its 2026 Annual General Meeting of Shareholders held on September 8, 2026 at its offices in Or Yehuda, Israel. Shareholders approved proposals related to reverse share split authorization, an increase in share capital, private placement exercises, and the reappointment of the company’s auditor.
Shareholders did not approve proposals concerning the redesignation of the class of a director, an extension of the company’s compensation policy, and changes to board committee compensation.
Hub Cyber Security Ltd. received an amended Schedule 13G filing from Thomas Keefe reporting that he no longer holds any beneficial ownership of the company’s ordinary shares. The filing states that he beneficially owns 0 shares, representing 0% of the class, with no sole or shared voting or dispositive power over any shares.
HUB Cyber Security Ltd. is convening its 2026 Annual General Meeting on September 8, 2026 to vote on seven proposals. Items include redesignating director Vineet Malhotra as a Class I director, re-approving the existing compensation policy, and granting special fees to the Transactions and Restructuring Committee, payable only after at least $30 million of equity financing.
Shareholders are asked to authorize one or more reverse share splits in a 1-for-5 to 1-for-1,000 range and increase authorized capital from 66,666,666 to 1,000,000,000 Ordinary Shares; 44,685,667 shares were outstanding as of August 3, 2026. Another key item seeks approval of a private placement used to acquire Evofem Biosciences notes and purchase rights, so Pre-Funded Warrants issued in that deal can be exercised without a 4.99% beneficial-ownership cap. The company issued 43,858,027 Consideration Shares (including warrant shares) around this transaction, versus 4,291,960 Ordinary Shares outstanding beforehand, which the proxy describes as very significant dilution for prior shareholders.
The proxy highlights substantial risk that the Evofem investment may be written down: Evofem reported $7.4 million in assets and $80.2 million in liabilities, with a $77.6 million stockholders’ deficit and going-concern doubt, while HUB’s Evofem notes are unsecured and subordinated. Shareholders will also vote on reapproving the compensation policy and reappointing EY member Kost Forer Gabbay & Kasierer as auditor. The board unanimously recommends voting FOR all proposals.
HUB Cyber Security Ltd. agreed to sell 100% of the issued and outstanding share capital of the QPoint Group to Martens Computer Consultants and Malam Training for total consideration of approximately NIS 26.5 million (US$8.7 million). The price reflects 2x agreed 2025 gross profit of about NIS 13.2 million (US$4.3 million). The business is being sold on a cash-free, debt-free basis, with positive shareholders’ equity and net cash required at closing.
Closing is subject to conditions including merger clearance from the Israel Competition Authority, non-negative net cash, removal of existing share pledges, absence of blocking legal orders, and third-party consents. Consideration is payable at closing, with portions held in trust to secure 24-month indemnification obligations. HUB agreed to three-year non-competition and non-solicitation undertakings. The divestiture is described as a key step in a broader restructuring plan, with proceeds intended to repay substantially all debt secured by QPoint shares and support strengthening the balance sheet.
HUB Cyber Security Ltd. entered a Securities Purchase Agreement to acquire $4,000,000 face amount of purchase rights for Evofem Biosciences common stock, exercisable for up to 259.74 million shares at $0.0154 per share. HUB paid $15,200,000 in 10,133,333 HUB securities, comprising 590,107 ordinary shares and 9,543,226 pre-funded warrants valued at $1.50 per HUB share. Each pre-funded warrant is exercisable for one HUB share at $0.001 per share, on a cash or cashless basis with no expiration, and is subject to a 4.99% beneficial ownership cap and an overall 40,000,000-share issuance limit pending shareholder approval.
The company also engaged PR Capital Limited Co. for seven months as a non-exclusive financial advisor on a potential business combination and related transactions with Evofem, issuing 2,627,118 HUB shares and pre-funded warrants as fees, including 2,101,694 Restricted Shares forfeitable if the Transactions are not completed. Separately, HUB and Ferrox Critical Minerals mutually agreed not to proceed with HUB’s previously proposed acquisition of Ferrox and its Tivani minerals project.