Welcome to our dedicated page for HUB Cyber Security Ltd. news (Ticker: $HUBC), a resource for investors and traders seeking the latest updates and insights on HUB Cyber Security Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HUB Cyber Security Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HUB Cyber Security Ltd.'s position in the market.
Rhea-AI Summary
Hub Cyber Security Ltd. (Nasdaq: HUBC) announces a 1-for-10 reverse share split of its ordinary shares, effective on December 14, 2023. This is in response to the company's non-compliance with Nasdaq's minimum bid price requirement, aiming to increase the per share trading price of the Ordinary Shares to regain compliance. The reverse share split affects all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company’s issued and outstanding Ordinary Shares, except for adjustments that may result from the treatment of fractional shares.
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End-of-Day
-17.72%
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HUB Cyber Security Ltd. (Nasdaq: HUBC) has secured a framework agreement with a prominent Swiss aviation vendor for a project spanning over 3 years with an initial scope of approximately EURO 15.5 million, potentially expanding in scope and service revenues. The agreement involves providing solutions and services for cyber data security and ongoing systems safety and reliability analysis for an advanced electric and hydrogen powered, vertical-take-off-and-landing (VTOL) airplane. HUB CEO, Noah Hershcoviz, expressed confidence in the company's core technology and its potential for additional wins and announcements in the near future, aiming to secure long-term investors' confidence in the brand.
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-3.85%
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HUB Cyber Security Ltd. (Nasdaq: HUBC) announces the appointment of Noah Hershcoviz as the new CEO, aiming to drive business growth and enhance shareholder value. Noah's extensive experience in global banking and capital raising, along with his strategic vision, positions him to lead HUB Security into its next phase of growth. The company also welcomes back Uzi Moscovich as an Active Director on the board, following his pivotal role in stabilizing the company after the previous CEO's termination.
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-11.58%
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HUB Cyber Security Ltd (Nasdaq: HUBC) and Blackswan Technologies Ltd. are expanding their collaboration to provide a joint solution for enterprise Confidential Computing to the financial sector. The 3-year framework agreement, with a potential 24-month extension, is expected to generate over $25 million in revenue for HUB within the next 18 months. This partnership aims to address cybersecurity challenges faced by global financial institutions and drive innovation in the global cybersecurity landscape.
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End-of-Day
22.32%
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HUB Cyber Security has signed a letter of intent for a financing and services agreement and strategic collaboration agreement with Blackswan Technologies. The collaboration aims to revolutionize the banking sector by streamlining operations, reducing ownership costs, and providing an additional layer of protection to critical processes. The initial contract is expected to contribute over $10 million to Hub Security's revenue in fiscal year 2024.
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-11.7%
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HUB Cyber Security Ltd announces the appointment of Kobi Levi as its Chief Financial Officer (CFO) effective from November 19, 2023. Levi brings over 20 years of experience in global businesses, including working with high-profile tech companies such as Apple, Netflix, and Amazon. He has a proven track record in financial planning, analysis, M&A transactions, fundraising, and globalization procedures. Levi's appointment is expected to strengthen HUB Security's leadership team and drive innovation and growth within the organization.
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-24.35%
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HUB Cyber Security announces a strategic alliance LOI with a company specializing in cyber risk detection and responses. The potential acquisition will boost HUB's revenue and profit margins, add top-tier clients to their portfolio, and enhance their Confidential Computing solutions and Cyber Services. The transaction value represents 20% of HUB Security's shares.
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-17.04%
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HUB Security announces updates and initiatives to enhance positioning and value
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-5.36%
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HUB Security announces that Hugo Goldman has stepped down as CFO, but will remain with the company until September 30th to ensure a smooth transition. Lior Davidson will serve as Interim CFO while a permanent replacement is found. The company plans to report its first half results and hold a conference call to discuss its current status and future outlook.
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-14.03%
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HUB Security (NASDAQ: HUBC) has completed an internal investigation and filed its Annual Report on Form 20-F for the fiscal year 2022. The report reveals the termination of the former CEO for misappropriating funds, along with the company's financial highlights, strategic partnerships, and cyber risk management solutions.
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Rhea-AI Sentiment
End-of-Day
-19.83%
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HUB Cyber Security Ltd.
Nasdaq:HUBC
HUBC Rankings
HUBC Stock Data
7.86M
4.45M
21.12%
8.98%
4.12%
Data Processing, Hosting, and Related Services
Information
United States of America
Tel Aviv