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HUB Security

12 stories about HUB Security

Hedge fund appeals to court to declare Hub Security as insolvent
11.04.24|Almog AzarDominion Capital claims that Hub is not paying back a debt of over $3 million as "not only does the company lack an economic horizon, but it also lacks economic feasibility, and it is highly doubtful if it ever had any at this stage."
Hub Security entered Nasdaq at $1.3B valuation despite not having a mature product or significant sales, admits outgoing CEO
17.01.24|Almog Azar"There was no product and there were no sales. The product was not ready at all," said outgoing CEO Uzi Moscovich, who still serves as a director on Hub’s board. The cyber company has lost over 98% of its value since entering the Nasdaq 10 months ago, falling to a market cap of under $20 million
How did Hub Security go from a $1.3 billion valuation to potential bankruptcy in six months
17.08.23|Almog AzarThe Israeli cyber company, which merged with a SPAC in February, began trading on Nasdaq at a value of $1.3 billion. However, since then, the founder was suspected of embezzlement and left, the stock plummeted, the coffers emptied, and the 2022 reports, which were submitted only this week, feature a note regarding the company's ability to continue as a going concern
Hub Security under investigation by Israel Securities Authority
27.04.23|Golan HazaniThe ISA's investigation has intensified due to a report that the cyber company is looking into misuse of company funds by former CEO Eyal Moshe
Hub Security investigating suspicions that founder and former CEO was embezzling company funds
20.04.23|Golan HazaniEyal Moshe was ousted in February by new CEO Uzi Moskowitz. The cyber company’s current market cap is just $118 million - a far cry from the $1.28 billion valuation at which its SPAC merger was signed
Hub Security valuation keeps falling as company fails to calm investors
30.03.23|Almog AzarThe company reached a market cap of $145 million, a far cry from the value at which it was supposed to go public
Nightmare on Wall Street: Hub Security’s value plummets after SPAC merger
06.03.23|Almog AzarThe cyber company's promises to issue on the Nasdaq at a value of $1.3 billion seem like a distant memory after its share price collapsed by more than 37% within three trading days, to a market cap of $157 million
Show me the money: Investors in Hub Security’s SPAC still haven't deposited the money
26.02.23|Almog AzarThe Israeli cyber company, which is supposed to merge with an American SPAC at a value of $1.28 billion, canceled Sunday's shareholders' meeting during which the change in the identity of the investors in the offering was set to be approved. The reason: the investors have not yet deposited the money
A crack in the SPAC? Hub Security's SPAC merger in danger of falling through
05.02.23|Almog AzarThe Israeli cyber company postponed the completion date of its $1.28 billion SPAC merger to the end of the month after one of the anchor investors backtracked
Israeli cybersecurity startup HUB Security merging with SPAC at $1.28 billion valuation
23.03.22|CTechHUB provides advanced encrypted computing solutions for companies and organizations aiming to prevent hostile intrusion and exposure of sensitive data
HUB Security acquires cybersecurity company Comsec for over $20 million
29.09.21|CTechThe merger between the Israeli companies will enable HUB to more than double its revenues, according to the company founded by veterans of the IDF's 8200 and 81 intelligence units
ALD merging with cybersecurity startup HUB Security
14.02.21|CTechMerger to be followed by $65 million cash infusion from institutional investors, with new joint company to be valued at $105 million

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