Summary by Futu AI
On May 23, 2024, HUB Cyber Security Ltd., a company specializing in confidential computing cybersecurity solutions, announced a delay in filing its 2023 Annual Report. The delay is attributed to the time needed to complete the audit of its annual financial statements following a strategic acquisition of QPoint and efforts to finalize a debt restructuring. Despite receiving a notice from Nasdaq for non-compliance with Listing Rule 5250(c)(1), HUB's securities will continue trading on Nasdaq, provided other listing requirements are met. The company has until July 19, 2024, to submit a compliance plan to Nasdaq, which, if accepted, could extend the filing deadline to November 11, 2024. HUB Cyber Security, established in 2017 by Israeli Defense Forces veterans, operates in over 30 countries, offering advanced cybersecurity solutions and services.