Hub Cyber Security to Acquire Evofem Purchase Rights for HUBC Shares

Hub Cyber Security Ltd. has entered into a Securities Purchase Agreement to acquire Purchase Rights from holders of Evofem Biosciences, Inc. The consideration for these rights will be paid in HUBC ordinary shares or pre-funded warrants, with the transaction closing on July 20, 2026. The purchase price is set at 3.8 times the face amount of the Purchase Rights, with consideration shares valued at $1.50 each, and a cap of 40,000,000 HUBC ordinary shares (or equivalent) for the aggregate issuance. The agreement includes a beneficial ownership limitation of 4.99% for sellers, which will be managed through the issuance of pre-funded warrants, and requires future shareholder approval for the full exercise of these warrants.