Hub Cyber Security Ltd (HUBC) News & EventsHUBCHub Cyber Security Ltd

Hub Cyber Security Sells QPoint Group for $8.7M

Hub Cyber Security announced that it has entered into an agreement to sell 100% of the issued share capital of the QPoint Group to the Malam Team Group in consideration of approximately $8.7M. The proceeds from the sale are intended to be applied toward the repayment of substantially all of the debt secured by the shares of QPoint. The QPoint Group, which includes QPoint Technologies, Aginix Engineering, QPoint Solutions, Sensecom and Integral Telemanagement, is being sold on a cash-free and debt-free basis. The total consideration is structured as follows: a payment calculated as twice the agreed-upon gross profit of QPoint for the year 2025, amounting to approximately $4.3M, resulting in a payment of approximately $8.7M. The company will deliver QPoint with a clean balance sheet, free of debt obligations and assets from HUB. Prior to the closing, the company will ensure that the shareholders' equity and net cash of QPoint will be positive, net of parent company debts. Cash, net of bank credit, shall be positive or zero at closing.

Hub Cyber Security Ltd Trading Halted, News Pending

Hub Cyber Security Ltd trading halted, news pending

Hub Receives Compliance Notice from Nasdaq

Hub announced that it received a letter from Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5250 because it has not yet filed its annual report on Form 20-F for the period ended December 31, 2025 with the SEC.