Hub Cyber Security Secures $7M Debt Restructuring
Ticker: HUBCZ · Form: 6-K · Filed: Dec 31, 2024 · CIK: 1905660
Sentiment: neutral
Topics: debt-restructuring, financial-update, agm
Related Tickers: HUBC
TL;DR
HUBC just locked down $7M in debt restructuring, potentially easing financial pressure.
AI Summary
On December 23, 2024, Hub Cyber Security Ltd. announced it secured $7 million in debt restructuring. This announcement was made via a press release attached to a Form 6-K filing. The company also held its Annual General Meeting of Shareholders on December 30, 2024.
Why It Matters
This debt restructuring could provide Hub Cyber Security with crucial financial stability, potentially impacting its ability to fund operations and future growth.
Risk Assessment
Risk Level: medium — Debt restructuring can indicate financial distress, but also a path to recovery, making the risk level moderate.
Key Numbers
- $7M — Debt Restructuring (Amount secured to improve financial standing.)
Key Players & Entities
- Hub Cyber Security Ltd. (company) — The company filing the report and undergoing debt restructuring.
- $7 million (dollar_amount) — The amount secured in the debt restructuring.
- December 23, 2024 (date) — The date the debt restructuring was announced.
- December 30, 2024 (date) — The date of the Annual General Meeting of Shareholders.
FAQ
What is the primary purpose of the debt restructuring for Hub Cyber Security Ltd.?
The filing indicates the debt restructuring was announced via a press release, suggesting it's a significant financial event for the company, likely aimed at improving its financial position.
When was the debt restructuring agreement announced?
The debt restructuring was announced on December 23, 2024.
What other significant event occurred for Hub Cyber Security Ltd. in late December 2024?
Hub Cyber Security Ltd. held its Annual General Meeting of Shareholders on December 30, 2024.
What form is this filing?
This filing is a Form 6-K, which is a report of a foreign private issuer.
What was the former name of Hub Cyber Security Ltd.?
The former name of Hub Cyber Security Ltd. was Hub Cyber Security (Israel) Ltd., with a name change date of January 20, 2022.
Filing Stats: 391 words · 2 min read · ~1 pages · Grade level 11.9 · Accepted 2024-12-31 08:00:02
Key Financial Figures
- $7M — ldquo;HUB Cyber Security (HUBC) Secures $7M In Debt Restructuring.” A copy of
Filing Documents
- ea0226320-6k_hubcyber.htm (6-K) — 14KB
- ea022632001ex99-1_hubcyber.htm (EX-99.1) — 11KB
- 0001213900-24-113674.txt ( ) — 26KB
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: December 31, 2024 By: /s/ Noah Hershcoviz Noah Hershcoviz Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated December 23, 2024 3