Hub Cyber Security Raises $15 Million
Ticker: HUBCZ · Form: 6-K · Filed: Jul 1, 2024 · CIK: 1905660
Sentiment: neutral
Topics: financing, capital-raising, refinancing
TL;DR
Hub Cyber Security just closed a $15M refi/raise. Good for cash flow.
AI Summary
Hub Cyber Security Ltd. announced on June 27, 2024, a successful $15 million refinancing and capital raising. This transaction is detailed in a press release attached to their Form 6-K filing.
Why It Matters
This capital infusion provides Hub Cyber Security with crucial funding, potentially strengthening its financial position and enabling further growth or operational stability.
Risk Assessment
Risk Level: medium — While raising capital is positive, the need for refinancing and capital raising can indicate underlying financial pressures or growth investment requirements.
Key Numbers
- $15.0M — Capital Raised (Represents the total funds secured through refinancing and capital raising.)
Key Players & Entities
- Hub Cyber Security Ltd. (company) — The company filing the report and announcing the financing.
- $15 million (dollar_amount) — The total amount raised in the refinancing and capital raising.
- June 27, 2024 (date) — The date the press release announcing the financing was issued.
FAQ
What was the specific purpose of the $15 million refinancing and capital raising?
The filing does not specify the exact purpose of the $15 million raised, only that it was a 'refinancing and capital raising'.
When was the press release announcing the financing issued?
The press release was issued on June 27, 2024.
What is the Commission File Number for this filing?
The Commission File Number is 001-41634.
What is the principal executive office address for Hub Cyber Security Ltd.?
The principal executive offices are located at 2 Kaplan St. Tel Aviv 6473403, Israel.
Does Hub Cyber Security Ltd. file annual reports under Form 20-F or 40-F?
Hub Cyber Security Ltd. files annual reports under Form 20-F.
Filing Stats: 915 words · 4 min read · ~3 pages · Grade level 15.8 · Accepted 2024-07-01 16:01:07
Key Financial Figures
- $15 Million — ldquo;Hub Security Announces Successful $15 Million Refinancing and Capital Raising”.
- $8,000,000 — ) with an aggregate principal amount of $8,000,000, and warrants (the “Initial Warra
- $0.90 — ise price of the Initial Warrants, from $0.90 to $0.50, and (iii) provide for an addi
- $0 — of the Initial Warrants, from $0.90 to $0.50, and (iii) provide for an additional
- $2,000,000 — s with an aggregate principal amount of $2,000,000 (the “Additional Notes”) an
- $25,000,000 — financing in the Company of at least US$25,000,000. The principal amount under the Additio
- $0.50 — conversion rate shall not be lower than $0.50. The loan amount under the Additional N
- $0.70 — ercisable at an exercise price equal to $0.70 per share until June 26, 2027. The co
Filing Documents
- ea0208803-6k_hubcyber.htm (6-K) — 26KB
- ea020880301ex99-1_hubcyber.htm (EX-99.1) — 13KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-24-057869.txt ( ) — 42KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Hub Cyber Security Ltd. Date: July 1, 2024 By: /s/ Noah Hershcoviz Noah Hershcoviz Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated June 27, 2024. 3