DivestmentAug 4, 2026, 04:19 PM
Hub Cyber Security to Sell QPoint Group for $8.7M
AI Summary
Hub Cyber Security Ltd. announced an agreement to sell 100% of its QPoint Group subsidiary to the Malam Team Group for approximately US $8.7 million. This divestiture is part of HUB's strategy to strengthen its balance sheet and reduce debt, with proceeds earmarked for repaying obligations secured by QPoint shares. The transaction is structured on a cash-free and debt-free basis and is subject to regulatory approvals, including from the Israel Competition Authority.
Key Highlights
- Hub Cyber Security to sell 100% of its QPoint Group subsidiary.
- Total consideration for the sale is approximately US $8.7 million.
- Proceeds from the sale are intended to repay debt secured by QPoint shares.
- The QPoint Group is being sold on a cash-free and debt-free basis.
- Consideration includes a performance-based payment calculated as twice QPoint's 2025 gross profit.
- Closing is subject to customary conditions, including Israel Competition Authority merger clearance.
Price Impact
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