Hub Cyber Security to Acquire BlackSwan Technologies
Ticker: HUBCZ · Form: 6-K · Filed: Jan 16, 2025 · CIK: 1905660
Sentiment: neutral
Topics: acquisition, merger, business-combination
TL;DR
HUB to merge with BlackSwan Technologies, Inc. on Jan 15, 2025.
AI Summary
On January 15, 2025, Hub Cyber Security Ltd. announced an Agreement and Plan of Merger with BlackSwan Technologies, Inc. BlackSwan will merge into a wholly-owned subsidiary of Hub Cyber Security, making BlackSwan and its subsidiaries part of the Company.
Why It Matters
This merger signifies a significant expansion for Hub Cyber Security, integrating BlackSwan's operations and subsidiaries into its own.
Risk Assessment
Risk Level: medium — Mergers and acquisitions carry inherent risks related to integration, valuation, and regulatory approval.
Key Players & Entities
- Hub Cyber Security Ltd. (company) — Registrant and acquiring entity
- BlackSwan Technologies, Inc. (company) — Target company to be merged
- January 15, 2025 (date) — Date of the Agreement and Plan of Merger
FAQ
What is the exact nature of the transaction between Hub Cyber Security Ltd. and BlackSwan Technologies, Inc.?
The companies entered into an Agreement and Plan of Merger on January 15, 2025, where BlackSwan Technologies, Inc. will merge with and into a wholly-owned subsidiary of Hub Cyber Security Ltd.
What is the effective date of the merger agreement?
The Agreement and Plan of Merger was entered into on January 15, 2025.
What will be the status of BlackSwan Technologies, Inc. and its subsidiaries after the merger?
BlackSwan Technologies, Inc. and its subsidiaries will become subsidiaries of Hub Cyber Security Ltd. as a result of the merger.
Which entity is the acquiring company in this transaction?
Hub Cyber Security Ltd. is the acquiring company, as BlackSwan Technologies, Inc. will merge into a subsidiary of Hub Cyber Security.
What is the filing type and date for this announcement?
This is a Form 6-K filing, reported for the month of January 2025, with the filing date as January 16, 2025.
Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 14.3 · Accepted 2025-01-16 08:30:24
Filing Documents
- ea0227891-6k_hub.htm (6-K) — 24KB
- ea022789101ex99-1_hub.htm (EX-99.1) — 17KB
- 0001213900-25-004019.txt ( ) — 43KB
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: January 16, 2025 By: /s/ Noah Hershcoviz Noah Hershcoviz Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press release entitled “HUB Cyber Security Acquires BlackSwan Technologies, Delivering Unrivaled AI-Powered Secured Data Fabric Solutions for Financial Institutions Facing Escalating Risks”, dated January 16, 2025. 3