Mount Rainier Acquisition Stockholders Approve Business Combination With HUB Cyber Security

Mount Rainier Acquisition Corp. (NASDAQ:RNER) (the "Company"), a publicly traded special purpose acquisition company, announced today that at a special meeting of stockholders on January 4, 2023, its stockholders voted to approve its proposed business combination (the "business combination") with HUB Cyber Security (Israel) Ltd. (TASE: HUB) ("HUB Security"), a developer of Confidential Computing cybersecurity solutions and services.

The business combination is expected to close in late January 2023, subject to the satisfaction of certain customary closing conditions. As part of the consummation of the business combination, HUB Security has applied for listing of HUB Security's ordinary shares and HUB Security's warrants on The Nasdaq Capital Market under the proposed symbols "HUBC" and "HUBCW," respectively, to be effective at the consummation of the business combination. HUB Security's ordinary shares and existing warrants are currently traded on the Tel Aviv Stock Exchange under the symbols "HUB" and "HUB.W1," respectively.