HUB Security enters agreements for up to $20M private placement financing

HUB Cyber Security entered into definitive agreements for up to $20M in a subordinated convertible note private placement financing, with more than 50% led by existing investors. The financing underscores institutional confidence in HUB’s strategic vision, market-leading platform, and ability to execute large, transformative enterprise deals. The Company expects to use the proceeds from the financing to reduce debt, accelerate U.S. operations, and expand HUB’s AI-powered enterprise intelligence and crypto infrastructure capabilities. The financing is expected to be provided under multiple closings, which are subject to the satisfaction of customary closing conditions. The financing is structured as subordinated convertible notes, with interest of 4.0% per annum payable quarterly and with a maturity date of August 2027. The total gross proceeds of the financing are expected to be approximately $20M, before deducting estimated offering expenses and placement agent fees payable by HUB. Rodman & Renshaw LLC is acting as sole placement agent for the financing.