HUB Cyber Security (NASDAQ: HUBC), a developer of confidential computing cybersecurity solutions and services, announced a 1-for-10 reverse share split of its ordinary shares. According to the announcement, the reverse share split along with the corresponding share capital adjustment will be effective on Dec. 14, 2023, at 11:59 p.m. ET. Ordinary shares will begin trading on a split-adjusted basis on the NASDAQ market at market open on Dec. 15, 2023, under the existing trading symbol HUBC but under a new CUSIP number: M6000J135. HUB Security’s outstanding warrants will continue to be traded under the symbols HUBCW and HUBCZ. The company noted that as a result of the reverse share split, every 10 issued and outstanding ordinary shares would automatically convert into one ordinary share. The reverse share split will also impact the company’s derivative securities, including outstanding notes, options, warrants and restricted share units. The reverse share split is designed to increase the per share trading price of the ordinary shares so that the company can regain compliance with NASDAQ’s minimum bid price requirement.
To view the full press release, visit https://ibn.fm/FrAV9
About HUB Cyber Security Ltd.
HUB Cyber Security was established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces. The company specializes in unique cybersecurity solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB Security operates in more than 30 countries and provides innovative cybersecurity computing appliances, as well as a wide range of cybersecurity services worldwide. For more information about the company, please visit www.HUBSecurity.com.
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com
InvestorWire is powered by IBN
