Dominion Capital & Partners Acquire 10.7% Stake in Hub Cyber Security

TL;DR

**Dominion Capital & Partners now own 10.7% of Hub Cyber Security. Big stake!**

AI Summary

Dominion Capital Holdings LLC, along with DC Rainier SPV LLC and individuals Gennadiy Gurevich and Mikhail Gurevich, have filed a Schedule 13D on March 18, 2024, indicating they collectively beneficially own 10.7% of Hub Cyber Security Ltd. ordinary shares. This filing suggests a significant stake and potential influence over the company's direction.

Why It Matters

This filing signals a substantial investment by Dominion Capital and its associates in Hub Cyber Security, potentially leading to changes in corporate strategy or governance.

Risk Assessment

Risk Level: medium — The filing indicates a significant ownership stake, which could lead to activist investor behavior or changes in company control, introducing potential volatility.

Key Numbers

• 10.7% — Ownership Stake (Percentage of Hub Cyber Security Ltd. ordinary shares beneficially owned by the filers.)

Key Players & Entities

• Dominion Capital Holdings LLC (company) — Filing entity
• DC RAINIER SPV LLC (company) — Filing entity
• Gennadiy Gurevich (person) — Filing entity member
• Mikhail Gurevich (person) — Filing entity member
• Hub Cyber Security Ltd. (company) — Subject company
• 10.7% (dollar_amount) — Beneficial ownership percentage

FAQ

Key Financial Figures

• $12.79 — Ordinary Share at an exercise price of $12.79 per whole share. Subsequently, certain
• $100,000,000 — o;), whereby the Issuer may issue up to $100,000,000 of Ordinary Shares to Dominion (or its
• $2,500,000 — anced the Issuer an aggregate amount of $2,500,000 as the upfront commitment under the ELO
• $127.90 — Ordinary Shares at an exercise price of $127.90 per whole share, which are exercisable

Filing Documents

• g084128_sch13d.htm (SC 13D) — 181KB
• g084128_ex99-5.htm (EX-99.5) — 17KB
• 0001753926-24-000558.txt ( ) — 200KB

Security and Issuer

Item 1. Security and Issuer This Schedule 13D (this “Schedule 13D”) relates to the ordinary shares, no par value per share (the “Ordinary Shares”), of HUB Cyber Security Ltd., a company organized under the laws of the State of Israel (the “Issuer”). The address of the Issuer’s principal executive offices is 30 Ha’Masger St., Tel Aviv, Israel 6721117. Item 2. Identity and Background (a) This Schedule 13D is being filed by (i) Dominion Capital LLC, a Connecticut limited liability company (“Dominion”), (ii) DC Rainier SPV LLC, a Delaware limited liability company (“DC Rainier”), (iii) Dominion Capital Holdings LLC, a Delaware limited liability company (“Dominion Holdings”), (iv) Mikhail Gurevich and (v) Gennadiy Gurevich (collectively, the “Reporting Persons”). (b) The principal business address of each of the Reporting Persons is 256 W. 38th Street, 15th Floor, New York, NY 10018. (c) The principal business of DC Rainier is to make and hold investments in the Issuer. Dominion is the manager of DC Rainier. Dominion Holdings is the manager of Dominion. Mikhail Gurevich and Gennadiy Gurevich are each managing members of Dominion Holdings. (d) During the last five years, neither the Reporting Persons (or a controlling entity thereof) nor any managing member or other member of any of the Reporting Persons (or a controlling entity thereof) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, neither the Reporting Persons (or a controlling entity thereof) nor any managing member or other member of any of the Reporting Persons (or a controlling entity thereof) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or pro

View Full Filing

View this SC 13D filing on SEC EDGAR