On March 14, 2024, a group of investors led by Dominion Capital LLC, including DC Rainier SPV LLC, Dominion Capital Holdings LLC, and managing members Mikhail and Gennadiy Gurevich, collectively owning 4.6% of HUB Cyber Security Ltd., filed a Schedule 13D with the SEC. The filing indicates a significant shift in their investment strategy, as they now intend to become more active in the company's affairs due to concerns over management's handling of the business and potential mismanagement risks to all securityholders. The group has expressed dissatisfaction with the current board's oversight, which they believe has led to poor operating performance and questionable transactions, resulting in a loss of value for the company and its stakeholders. The investors have also initiated insolvency proceedings against HUB Cyber Security in Israel and filed a complaint in New York seeking repayment of a defaulted promissory note. The group may seek to change management or the board of directors to protect their investment and the interests of all shareholders and creditors.

On March 14, 2024, a group of investors led by Dominion Capital LLC, including DC Rainier SPV LLC, Dominion Capital Holdings LLC, and managing members Mikhail and Gennadiy Gurevich, collectively owning 4.6% of HUB Cyber Security Ltd., filed a Schedule 13D with the SEC. The filing indicates a significant shift in their investment strategy, as they now intend to become more active in the company's affairs due to concerns over management's handling of the business and potential mismanagement risks to all securityholders. The group has expressed dissatisfaction with the current board's oversight, which they believe has led to poor operating performance and questionable transactions, resulting in a loss of value for the company and its stakeholders. The investors have also initiated insolvency proceedings against HUB Cyber Security in Israel and filed a complaint in New York seeking repayment of a defaulted promissory note. The group may seek to change management or the board of directors to protect their investment and the interests of all shareholders and creditors.