HUB Security appoints Vineet Malhotra to board of directors

HUB Cyber Security announced the appointment by its shareholders of Vineet Malhotra to its Board of Directors and provided a governance and capital framework update as the Company advances its long-term strategy. The Company’s expanded Board of Directors reflects a governance structure aligned with HUB’s focus on regulated infrastructure, financial systems, and risk-managed execution. Following the appointment of Mr. Malhotra, the Board includes independent members Renah Persofsky, Chairperson; Vineet Malhotra; Shlomo Bibas and Ilan Flato. They are joined by Major General Uzi Moscovici and Noah Hershcoviz, CEO, as Board members. Malhotra most recently served as Managing Director and Global Head of Simplii Financial. The Company recently published a proxy statement calling for its shareholders to approve a reverse share split. The Company’s management emphasizes that any consideration of such a step would be undertaken only if required to protect shareholders and make HUB’s shares more attractive to a broader range of investors, or in order to maintain compliance with Nasdaq listing requirements, if necessary, and avoid potential outcomes that may be detrimental to long-term shareholder value.