SplitJun 3, 2026, 04:17 PM
HUB Announces 1-for-20 Reverse Share Split
AI Summary
Hub Cyber Security Ltd. announced a 1-for-20 reverse share split of its ordinary shares, effective June 5, 2026. Trading on a split-adjusted basis will commence on Nasdaq on June 8, 2026, under the existing symbol HUBC but with a new CUSIP number. The company expects the split to increase its per share trading price and help maintain compliance with Nasdaq's minimum bid price requirement. As a result, the number of outstanding shares will decrease from 66,603,152 to approximately 3,330,157, with fractional shares rounded down.
Key Highlights
- HUB announced a 1-for-20 reverse share split of its ordinary shares.
- The reverse share split will become effective at 11:59 p.m. Eastern Time on Friday, June 5, 2026.
- Ordinary Shares will begin trading on a split-adjusted basis on Nasdaq on Monday, June 8, 2026.
- The new CUSIP number for the Ordinary Shares will be M6000J192.
- Pre-split, the Company had 66,603,152 Ordinary Shares issued and outstanding.
- Post-split, there will be approximately 3,330,157 Ordinary Shares outstanding.
- Fractional shares will be rounded down to the nearest whole share.
- The split aims to maintain compliance with Nasdaq Listing Rule 5450(a)(1) minimum bid price requirement.
Price Impact
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