TEL AVIV, Israel, Jan. 16, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), proudly announces the strategic appointment of Nachman Geva as its Chief Technology Officer (CTO). This move is meticulously crafted to position HUB Security at the forefront of the cybersecurity for the data fabric market, leveraging Geva's proven high-tech data analytics expertise and stellar track record. The Company is confident that adding seasoned professionals to crucial management positions sets the stage for a new era of excellence. These leaders, selected for their unparal

TEL AVIV, Israel, Jan. 08, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), anticipates demonstrating strong success in the next two years. With strategic initiatives that  showcase the Company's innovation, growth, and resilience, the Company is set to redefine its future. Management believes the 2023 performance slowdown was affected by the adverse events Q1, but rapid actions and a complete change of the Company's C-level management, created a new wave of strategic change where 2024 is expected to be a transformative year towards a strong FY2025 with a p

TEL AVIV, Israel, Dec. 04, 2023 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), is pleased to announce significant changes to its executive leadership team, marking a strategic shift to propel the Company's business and target shareholder value. HUB's board has unanimously appointed Noah Hershcoviz as the new Chief Executive Officer. Noah currently serves as the Company's Chief Strategy Officer and a member of its Board of Directors, and his deep understanding of the Company's vision and his strategic acumen position him as an exceptional candidate to lead

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 16, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Hub Cyber Security Ltd. ("HUB" or the "Company") (NASDAQ:HUBC) investors that a lawsuit filed on behalf of investors that received in exchange for shares of Hub Cyber Security (Israel) Ltd. ("Legacy HUB") in connection with the Legacy HUB's merger (the "Merger") with Mount Rainier Acquisition Corp. ("Mount Rainier"). Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Po

TEL AVIV, Israel, April 18, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that it has appointed Ilan Flato to its Board of Directors. Mr. Flato is the president and CEO of the Israeli Association of Publicly Traded Companies and the former economic advisor to the Prime Minister of Israel. "We are thrilled to announce the addition of Ilan Flato to our board of directors. His extensive experience and expertise will make him an invaluable addition to the HUB Security team", said Uzi Moskowitz, CEO of HUB Security. "His contributions are expected to be multi-

Veteran Risk Management Technology Executive Joins HUB Cyber Security, a Leader in Confidential Computing, to Drive Enterprise Growth and Go-to-Market Success TEL AVIV, Israel, April 11, 2023 /PRNewswire/ -- HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of Confidential Computing cybersecurity solutions and services ("HUB Security" or the "Company"), today announced that it has appointed David Riker as its Global Chief Operating Officer.   As HUB Security's new COO, Riker will lead efforts to scale the Company's global business operations and go-to-market strategies, aligning the Company's two business units, Confidential Computing and Professional Services. Mr. Riker will report directly

TEL AVIV, Israel, Nov. 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB Security"; or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, is pleased to provide an update on several initiatives and developments as it continues to enhance its market position and deliver value to its stakeholders. The Company anticipates releasing its financial results for the six months ended June 30, 2024, by the end of November. In addition, HUB Security is pleased to report a growing interest in expanding its products within its current customer base. A key contract with a leading European Bank is expected to expand the Company's com

TEL AVIV, Israel, Oct. 30, 2024 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC) ("HUB Security" or the "Company"), a leading provider of cybersecurity solutions and advanced data fabric, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York. The ThinkEquity Conference gathers institutional investors, corporate clients, and other industry professionals to highlight groundbreaking innovations and financial strategies. Noah Hershcoviz, CEO of HUB Security will be presenting at 11:00 ET on October 30th and will also be holding one-on-one investor meetings throughout the day. Noah Hershcoviz, CEO o

TEL AVIV, Israel, Aug. 29, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd (NASDAQ:HUBC), a developer of cybersecurity solutions and services (the "Company"), was notified on August 23, 2024, by the Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") that the Company is no longer in compliance with Nasdaq Listing Rule 5450(b)(3) (the "Total Assets and Total Revenue Requirement") because the Company's total assets and total revenue for the most recently completed fiscal year and two of the last three most recently completed fiscal years were each below the minimum $50 million threshold for continued listing on The Nasdaq Global Market. The

TEL AVIV, Israel, Aug. 22, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of cybersecurity and advanced data fabric solutions ("HUB Security" or the "Company"), is pleased to announce the formalization of the terms of its collaboration with Blackswan Technologies ("BST"), a U.S. enterprise-AI vendor. This milestone follows previous announcements made on November 6, 2023, December 1, 2023 and February 8, 2024 regarding the Company's collaboration with BST. Following a successful phase of collaboration, HUB Security and BST are advancing their partnership to co-develop and showcase innovative SDF solutions. As part of the agreement between the parties,

TEL AVIV, Israel, Aug. 19, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of confidential computing cybersecurity solutions and advanced data fabric ("HUB Security" or the "Company"), is pleased to announce the successful completion of a $3.3 million private placement from non-U.S. investors. This investment is in the form of convertible notes with a conversion price of $0.70 per share. As part of the transaction, the Company has also issued warrants with an exercise price of $1.00 per share. In parallel, HUB Security is engaged in discussions to extend the maturity date of a $4.0 million principal note, originally due in August 2024, as part of its

TEL AVIV, Israel, Aug. 16, 2024 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (NASDAQ:HUBC), a leading provider of cybersecurity solutions ("HUB Security" or the "Company"), today released its financial results for the fiscal year ended December 31, 2023. HUB has successfully retained a robust client base and has implemented a clear and ambitious growth strategy to establish itself as a leader in the Secured Data Fabric (SDF) sector. With top-tier talent onboard, the Company believes it is now poised for a dynamic new chapter of growth and innovation. The Company is committed to expedite the reporting of its results for the first half of the fiscal year ended June 30, 2024. Following this,

TEL AVIV, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Security Ltd (NASDAQ:HUBC), a developer of cybersecurity solutions and services ("HUB" or the "Company"), received a notification from The Nasdaq Stock Market ("Nasdaq") notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification ("Notice"), the bid price per share of the Company's ordinary shares, no par value ("Ordinary Shares") had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the "Minimum Bid Price Requirement"). The Notice has no immediate effect o

TEL AVIV, Israel, June 27, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, is pleased to announce that it has successfully restructured $8 million of its debt that was due this month. In addition, Hub Security has secured an additional $2 million in debt financing. Key shareholders have also exercised warrants at an exercise price of $0.90 per share, resulting in an additional $5 million in capital. "We are thrilled to have successfully completed these financial initiatives," said Noah Hershcoviz, CEO of Hub Security. "The refinancing of our debt, along with the additio

TEL AVIV, Israel, June 24, 2024 (GLOBE NEWSWIRE) -- via IBN -- HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, today released the following statement regarding the recent announcement published on May 23, 2024: The Company is on track to release its annual financial reports within the next few weeks. Additionally, the Company has recently secured two deals with governmental entities, highlighting its commitment to strategic expansion and enhancing its offerings. Looking ahead, the Company anticipates significant progress in its secure data fabric vertical by the end of the next quarter. For further informat

TEL AVIV, Israel, June 20, 2024 (GLOBE NEWSWIRE) -- via IBN –- HUB Cyber Security Ltd. (NASDAQ:HUBC), a developer of confidential computing cybersecurity solutions and advanced data services, today released the following statement regarding recent press reports about a settlement with Oppenheimer & Co.: The company confirms that it is making progress towards reaching a settlement regarding a $12 million dispute. The settlement process is moving forward with Oppenheimer & Co. to resolve the claims related to unpaid fees for SPAC merger-related services. For further information or inquiries, please contact: [email protected] About HUB Security Ltd. HUB Cyber Security Ltd ("HUB") wa