Hub Cyber Security Ltd.

Hub Cyber Security Ltd. announced it has regained compliance with Nasdaq's Market Value of Listed Securities (MVLS) requirement. The company received formal notice from Nasdaq confirming it met Listing Rule 5550(b)(2), which mandates an MVLS of at least $35 million. This follows a period of non-compliance and a sustained improvement in the company's market value, with the MVLS remaining above the threshold for 20 consecutive business days. Nasdaq has closed the matter, marking an important milestone for HUB as it continues its strategic transformation.

HUB Cyber Security Ltd. announced the acquisition of senior subordinated convertible notes and purchase rights of Evofem Biosciences, Inc., funded entirely with HUB equity at no cash cost. This strategic move is a key part of HUB's broader transformation plan aimed at strengthening its financial position, streamlining operations, and enhancing governance. The company is also undergoing a comprehensive restructuring, which includes a 50% reduction in headcount at the HUB level and engaging Deloitte for support. HUB plans to explore future collaboration opportunities with Evofem, which reported over $20 million in sales in 2025, as it works to create a leaner, more focused organization and maximize shareholder value.

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.

Hub Cyber Security Ltd. announced it received a letter from Nasdaq on May 18, 2026, notifying the company of non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 20-F for fiscal year 2025. This notification is standard procedure and does not immediately impact the company's listing or trading. Hub Cyber Security has 60 calendar days, until July 17, 2026, to submit a plan to regain compliance, with a potential extension up to November 11, 2026.

Hub Cyber Security Ltd. announced it received a letter from Nasdaq on May 18, 2026, notifying the company of non-compliance with Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 20-F for the period ended December 31, 2025. This deficiency notification is standard practice and does not immediately affect the company's listing or trading. The company has 60 days, until July 17, 2026, to submit a plan to regain compliance, with a potential extension until November 11, 2026. This is in addition to a prior non-compliance notice regarding market value of listed securities, and failure to comply could lead to delisting.

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.