HUB Safety Receives 4 Million USD From PIPE Buyers at 10USD Per Share

HUB Safety Receives 4 Million USD From PIPE Buyers at 10USD Per Share

HUB Safety Receives 4 Million USD From PIPE Buyers at 10USD Per Share

TEL AVIV, Israel, March 14, 2023 /PRNewswire/ — HUB Cyber Safety Ltd (NASDAQ: HUBC), a developer of Confidential Computing cybersecurity options and companies (“HUB” or the “Firm”), at this time introduced that it had issued and bought roughly 400,000 shares to 2 of the unique PIPE buyers at a value per share of $10 for proceeds of roughly $4 million {dollars}, in a personal placement. The shares have been bought pursuant to the unique PIPE phrases entered into in reference to the Firm’s enterprise mixture. The remaining PIPE funds are presently being negotiated with buyers and the Firm stays in discussions with the buyers to obtain these funds.

About HUB Cyber Safety Ltd.
HUB Cyber Safety Ltd (“HUB”) was established in 2017 by veterans of the 8200 and 81 elite intelligence models of the Israeli Protection Forces. HUB focuses on distinctive Cyber Safety options defending delicate industrial and authorities data. HUB debuted a sophisticated encrypted computing resolution aimed toward stopping hostile intrusions on the {hardware} stage whereas introducing a novel set of knowledge theft prevention options. HUB operates in over 30 nations and gives modern cybersecurity computing home equipment in addition to a variety of cybersecurity companies worldwide.

Ahead-Wanting Statements
This press launch comprises forward-looking statements for functions of the protected harbor provisions below the USA Non-public Securities Litigation Reform Act of 1995, together with statements concerning the anticipated advantages of the transaction, and the monetary situation, outcomes of operations, earnings outlook, and prospects of the mixed firm. Ahead-looking statements are usually recognized by phrases reminiscent of “plan,” “imagine,” “anticipate,” “anticipate,” “intend,” “outlook,” “estimate,” “future,” “forecast,” “mission,” “proceed,” “may,” “might,” “may,” “attainable,” “potential,” “predict,” “appear,” “ought to,” “will,” “would” and different related phrases and expressions, however the absence of those phrases doesn’t imply {that a} assertion will not be forward-looking.

The forward-looking statements are primarily based on the present expectations of the administration of HUB, as relevant, and are inherently topic to uncertainties and adjustments in circumstances and their potential results and communicate solely as of the date of such assertion. There might be no assurance that future developments might be these which were anticipated. These forward-looking statements contain a variety of dangers, uncertainties, or different assumptions that will trigger precise outcomes or efficiency to be materially totally different from these expressed or implied by these forward-looking statements. These dangers and uncertainties embrace, however usually are not restricted to, these mentioned and recognized in public filings made with the SEC by the HUB and the next: (i) expectations concerning HUB’s methods and future monetary efficiency, together with its future enterprise plans or goals, potential efficiency and alternatives and opponents, revenues, services, pricing, working bills, market traits, liquidity, money flows and makes use of of money, capital expenditures, and HUB’s capability to put money into development initiatives and pursue acquisition alternatives; (ii) the end result of any authorized proceedings that could be instituted in opposition to HUB; (iii) the power of HUB to satisfy inventory alternate continued itemizing requirements; (iv) the power of HUB to develop and handle development profitably, keep relationships with prospects and suppliers and retain its administration and key workers; (v) restricted liquidity and buying and selling of HUB’s securities; (vii) geopolitical threat, together with navy motion and associated sanctions, and adjustments in relevant legal guidelines or rules; (viii) the chance that HUB could also be adversely affected by different financial, enterprise, and/or aggressive elements; (x) inaccuracies for any purpose within the estimates of bills and profitability and projected monetary data for HUB; and (xi) different dangers and uncertainties set forth within the part entitled “Danger Components” and “Cautionary Be aware Concerning Ahead-Wanting Statements” in HUB’s ultimate proxy assertion/prospectus filed on December 5, 2022.

Ought to a number of of those dangers or uncertainties materialize or ought to any of the assumptions made by the administration of HUB show incorrect, precise outcomes might differ in materials respects from these expressed or implied in these forward-looking statements.

All subsequent written and oral forward-looking statements in regards to the enterprise mixture or different issues addressed on this press launch and attributable to HUB or any particular person appearing on their behalf are expressly certified of their entirety by the cautionary statements contained or referred to within the press launch. Besides to the extent required by relevant regulation or regulation, HUB undertakes no obligation to replace these forward-looking statements to replicate occasions or circumstances after the date of this press launch to replicate the prevalence of unanticipated occasions.

Contact Particulars
Hub Cyber Safety
[email protected]

Firm Web site

Emblem –

SOURCE Hub Safety

HUB Safety Receives 4 Million USD From PIPE Buyers at 10USD Per Share