HUB Cyber Security Issues Promissory Notes and Appoints New Chairperson

Hub ( (HUBC) ) has issued an update.

On March 27, 2025, HUB Cyber Security Ltd. completed the issuance of promissory notes totaling $1,625,000 to investors, including Keystone Capital Partners, with a maturity date of December 11, 2025. Concurrently, HUB entered an Ordinary Shares Purchase Agreement with Keystone Capital Partners, allowing the sale of up to $50 million in newly issued shares, as part of a compliance plan with Nasdaq to maintain its listing. The company also announced the appointment of Renah Persofsky as the new Chairperson of the Board, following Kasbian Nuriel Chirich’s decision to step down due to personal reasons. This leadership change is expected to enhance HUB’s corporate governance as it aims to expand its global cybersecurity and core-banking platforms.

More about Hub

HUB Cyber Security Ltd, established in 2017 by veterans of the elite intelligence units of the Israeli Defense Forces, specializes in advanced cybersecurity solutions designed to protect sensitive commercial and government information. The company’s offerings include encrypted computing technologies and innovative data theft prevention solutions, serving a diverse client base across more than 30 countries.

YTD Price Performance: -53.04%

Average Trading Volume: 223,840

Technical Sentiment Signal: Strong Buy

Current Market Cap: $9.87M

Learn more about HUBC stock on TipRanks’ Stock Analysis page.