Hub Cyber Security Completes BlackSwan Acquisition
Ticker: HUBCZ · Form: 6-K · Filed: Jan 27, 2025 · CIK: 1905660
Sentiment: neutral
Topics: acquisition, shares, warrants
Related Tickers: HUBC
TL;DR
HUBC just bought BlackSwan Technologies, issuing millions of shares and warrants to close the deal.
AI Summary
On January 27, 2025, Hub Cyber Security Ltd. announced the completion of its acquisition of BlackSwan Technologies, Inc. As part of the deal, Hub Cyber Security issued 31,175,242 ordinary shares and pre-funded warrants for 5,122,691 ordinary shares to BlackSwan's equityholders.
Why It Matters
This acquisition signifies a significant step in Hub Cyber Security's growth strategy, potentially expanding its market reach and technological capabilities.
Risk Assessment
Risk Level: medium — The risk level is medium due to the issuance of a significant number of shares and warrants, which could dilute existing shareholders' value and impact future financial performance.
Key Numbers
- 31,175,242 — Ordinary Shares Issued (Issued to BlackSwan equityholders as part of the acquisition.)
- 5,122,691 — Pre-funded Warrants Issued (Issued to BlackSwan equityholders as part of the acquisition.)
Key Players & Entities
- Hub Cyber Security Ltd. (company) — Acquiring company
- BlackSwan Technologies, Inc. (company) — Acquired company
- January 27, 2025 (date) — Closing date of acquisition
- 31,175,242 (dollar_amount) — Ordinary shares issued
- 5,122,691 (dollar_amount) — Pre-funded warrants issued
FAQ
What is the primary purpose of this 6-K filing?
This 6-K filing reports the closing of the acquisition of BlackSwan Technologies, Inc. by Hub Cyber Security Ltd.
When did the acquisition of BlackSwan Technologies, Inc. officially close?
The acquisition officially closed on January 27, 2025.
What type of securities did Hub Cyber Security issue to BlackSwan equityholders?
Hub Cyber Security issued ordinary shares and pre-funded warrants to purchase ordinary shares.
How many ordinary shares were issued in the acquisition?
31,175,242 ordinary shares were issued to BlackSwan equityholders.
How many pre-funded warrants were issued in the acquisition?
5,122,691 pre-funded warrants were issued to BlackSwan equityholders.
Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 14.3 · Accepted 2025-01-27 16:55:28
Filing Documents
- ea0228865-6k_hubcyber.htm (6-K) — 17KB
- ea022886501ex99-1_hubcyber.htm (EX-99.1) — 12KB
- 0001213900-25-007052.txt ( ) — 31KB
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 27, 2025 By: /s/ Noah Hershcoviz Noah Hershcoviz Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 P ress release entitled “HUB Cyber Security Completes Acquisition of BlackSwan Technologies to Drive AI-Powered Data Solutions for Global Enterprises”, dated January 27, 2025 . 3