Nasdaq Confirms Full Compliance of HUB Cyber Security with Nasdaq’s Listing Standards
June 12 2025 - 8:19AM
HUB Cyber Security Ltd. (
NASDAQ:
HUBC) (“HUB” or the “Company”), a global leader in
confidential computing and advanced secured data fabric technology,
today announced that it is in full compliance with all applicable
listing requirements of the Nasdaq Capital Market.
Nasdaq has formally confirmed that HUB satisfies both the
minimum bid price and the market value of listed securities (MVLS)
thresholds under Listing Rules 5550(a)(5) and 5550(b)(2), the “Bid
Price” and “MVLS Rules,” respectively. This milestone follows a
period of strategic restructuring, improved financial execution,
and strengthened corporate governance. Moreover, the Nasdaq
Hearings Panel (the “Panel”) has confirmed that HUB has met all
exceptions in the Panel’s decision in achieving compliance with the
Nasdaq Bid Price and MVLS Rules listing standards.
In recent quarters, HUB has been executing a focused commercial
expansion strategy, significantly growing its contracted revenue
base and accelerating deployments across banking, government, and
digital asset sectors. The Company has also introduced new
AI-powered and quantum-resilient infrastructure solutions,
responding with rising client demand for secure, compliant, and
sovereign-grade solutions.
HUB continues to sign new multi-year agreements with leading
financial institutions and sovereign entities, while expanding its
presence in North America and Europe. With momentum building across
both public and private sector channels, HUB is positioned as a
critical infrastructure provider to the world’s most
security-sensitive organizations.
About HUB Cyber Security Ltd. (NASDAQ:
HUBC)
HUB Cyber Security Ltd. (“HUB” or the “Company”) was established
in 2017 by veterans of the elite intelligence units of the Israeli
Defense Forces. The Company is a global leader in secured data
infrastructure and confidential computing. Its Secured Data Fabric
platform powers secure AI operations, compliance automation, and
digital asset protection for financial institutions, governments,
and regulated enterprises. HUB also specializes in unique cyber
security solutions protecting sensitive commercial and government
information. The Company debuted an advanced encrypted computing
solution to prevent hostile intrusions at the hardware level while
introducing a novel set of data theft prevention solutions. HUB
operates in over 30 countries and provides innovative cybersecurity
computing appliances and a wide range of cybersecurity services
worldwide. Hub's Secured Data Fabric is a revolutionary product
developed in partnership with its subsidiary, BlackSwan
Technologies, that is emerging as a leader in highly secure data
management and unification.
Forward-Looking Statements
This press release contains forward-looking statements for
purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are typically identified by words such as “plan,”
“believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,”
“future,” “forecast,” “project,” “continue,” “could,” “may,”
“might,” “possible,” “potential,” “predict,” “seem,” “should,”
“will,” “would” and other similar words and expressions, but the
absence of these words does not mean that a statement is not
forward-looking.
The forward-looking statements are based on the current
expectations of the management of HUB, as applicable, and are
inherently subject to uncertainties and changes in circumstances
and their potential effects and speak only as of the date of such
statement. There can be no assurance that future developments will
be those that have been anticipated. These forward-looking
statements involve a number of risks, uncertainties, or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements. These risks and uncertainties include,
but are not limited to, those discussed and identified in public
filings made with the SEC by HUB and the following: (i) significant
uncertainty regarding the adequacy of HUB’s liquidity and capital
resources and its ability to repay its obligations as they become
due; (ii) the war between Israel and Hamas commenced in October
2023, which may harm Israel’s economy and HUB’s business; (iii)
expectations regarding HUB’s strategies and future financial
performance, including its future business plans or objectives,
prospective performance and opportunities and competitors,
revenues, products and services, pricing, operating expenses,
market trends, liquidity, cash flows and uses of cash, capital
expenditures, and HUB’s ability to invest in growth initiatives and
pursue acquisition opportunities; (iv) the outcome of any legal or
regulatory proceedings against HUB in connection with our
previously announced internal investigation or otherwise; (v) the
ability to cure and meet stock exchange continued listing standards
and remain listed on the Nasdaq; (vi) competition, the ability of
HUB to grow and manage growth profitably, maintain relationships
with customers and suppliers and retain its management and key
employees; (vii) limited liquidity and trading of HUB’s securities;
(viii) geopolitical risk, including military action and related
sanctions, and changes in applicable laws or regulations; (ix) the
possibility that HUB may be adversely affected by other economic,
business, and/or competitive factors; (x) other risks and
uncertainties set forth in the sections entitled “Risk Factors” and
“Cautionary Statement Regarding Forward-Looking Statements” in
HUB’s Annual Report on Form 20-F filed on May 1, 2025.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of HUB
prove incorrect, actual results may vary in material respects from
those expressed or implied in these forward-looking statements.
All subsequent written and oral forward-looking statements
concerning the business combination or other matters addressed in
this press release and attributable to HUB or any person acting on
its behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in the press
release. Except to the extent required by applicable law or
regulation, HUB undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date of this press release to reflect the occurrence of
unanticipated events.
Investor Relations
Lytham PartnersBen
Shamsian646-829-9701shamsian@lythampartners.com
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