SplitApr 16, 2026, 09:01 AM
Hub Cyber Security Announces 1-for-50 Reverse Share Split
AI Summary
Hub Cyber Security Ltd. announced a 1-for-50 reverse share split of its ordinary shares, effective April 20, 2026. This corporate action will convert every 50 existing shares into one, reducing the total outstanding shares from 64,102,600 to approximately 1,282,052. The company stated that the reverse split is intended to increase the per share trading price and ensure compliance with Nasdaq's minimum bid price requirement.
Key Highlights
- Hub Cyber Security announced a 1-for-50 reverse share split.
- Split-adjusted trading begins April 20, 2026, under existing symbol HUBC.
- Outstanding shares will decrease from 64,102,600 to 1,282,052 post-split.
- New CUSIP M6000J184 for ordinary shares.
- Aims to maintain compliance with Nasdaq's minimum bid price requirement.