Hub Cyber Security Reports FY23 Results, Announces $3.3M Investment
Ticker: HUBCZ · Form: 6-K · Filed: Aug 22, 2024 · CIK: 1905660
Sentiment: mixed
Topics: financial-results, investment, growth
TL;DR
HUB Security dropped FY23 earnings and snagged a $3.3M investment. Growth play?
AI Summary
Hub Cyber Security Ltd. filed a Form 6-K on August 22, 2024, reporting its fiscal 2023 financial results via a press release dated August 16, 2024. Additionally, on August 19, 2024, the company announced a $3.3 million investment to accelerate its growth.
Why It Matters
The filing provides investors with the company's latest financial performance and signals a new investment aimed at future growth and development.
Risk Assessment
Risk Level: medium — The company is reporting financial results and announcing new investment, which can introduce volatility and uncertainty.
Key Numbers
- $3.3M — Investment (Announced on August 19, 2024, to accelerate growth.)
Key Players & Entities
- Hub Cyber Security Ltd. (company) — Registrant
- 001-41634 (dollar_amount) — Commission File Number
- August 16, 2024 (date) — Press Release Date for FY23 Results
- August 19, 2024 (date) — Press Release Date for Investment Announcement
- $3.3 Million (dollar_amount) — Investment Amount
FAQ
What were the key financial highlights of Hub Cyber Security's fiscal 2023 results?
The filing references a press release dated August 16, 2024, titled 'HUB Security Reports Fiscal 2023 Financial Results,' but the specific financial details are not included in the provided text.
What is the purpose of the $3.3 million investment?
The $3.3 million investment, announced on August 19, 2024, is intended to accelerate the company's growth.
When did Hub Cyber Security Ltd. change its former name?
The company's former name was Hub Cyber Security (Israel) Ltd., and the date of the name change was January 20, 2022.
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.
What type of report is this Form 6-K?
This is a Report of Foreign Private Issuer pursuant to Section 13A-16 or 15D-16 under the Securities Exchange Act of 1934.
Filing Stats: 787 words · 3 min read · ~3 pages · Grade level 11.4 · Accepted 2024-08-22 06:03:46
Key Financial Figures
- $3.3 Million — se titled “HUB Security Announces $3.3 Million Investment to Accelerate Corporate Grow
- $3.3 million — o raise gross proceeds of approximately $3.3 million in exchange for the issuance of convert
- $4.0 million — egate principal amount of approximately $4.0 million and warrants to acquire an aggregate of
- $0.70 — h note at a price equal to the lower of $0.70 and the price per share at which the Co
- $0.50 — third party, but in no event less than $0.50. The August 2024 Warrants are exercisa
- $1.00 — of three years at an exercise price of $1.00 per share. In the event that the conver
- $233,000 — itled to receive a fee of approximately $233,000 in cash and a warrant to purchase appro
- $15,000 — e placement agent will be paid a fee of $15,000 per month. The conversion of the Augus
Filing Documents
- ea0211865-6k_hubcyber.htm (6-K) — 18KB
- ea021186501ex99-1_hubcyber.htm (EX-99.1) — 26KB
- ea021186501ex99-2_hubcyber.htm (EX-99.2) — 10KB
- 0001213900-24-071590.txt ( ) — 55KB
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: August 22, 2024 By: /s/ Noah Hershcoviz Noah Hershcoviz Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated August 16, 2024. 99.2 Press Release, dated August 19, 2024. 3