HUB Cyber Security has reached a settlement agreement with AGP to reduce its $5.7 million convertible note obligations by 70% through an amended note structure. The agreement allows AGP to convert $1.8 million of the debt in seven 30-day periods, with the remaining balance to be cancelled upon full conversion. Additionally, the company secured a new $1 million investment through a convertible note with an 8.5% interest rate.The new note includes conversion rights at market price with a $0.50 floor and is secured by a first-priority pledge on Qpoint group shares. The investment package also includes a warrant for 1.5 million shares at $0.55 per share, exercisable until November 2027. The company is also pursuing refinancing of an additional $7.5 million debt into a long-term settlement.In a significant governance update, Ms. Renah Persofsky has joined the Board of Directors, replacing Ms. Lior Lurye. Persofsky brings extensive experience from multiple Nasdaq-listed companies and will serve as an independent director, strengthening the company's corporate governance and strategic oversight.

HUB Cyber Security has reached a settlement agreement with AGP to reduce its $5.7 million convertible note obligations by 70% through an amended note structure. The agreement allows AGP to convert $1.8 million of the debt in seven 30-day periods, with the remaining balance to be cancelled upon full conversion. Additionally, the company secured a new $1 million investment through a convertible note with an 8.5% interest rate.The new note includes conversion rights at market price with a $0.50 floor and is secured by a first-priority pledge on Qpoint group shares. The investment package also includes a warrant for 1.5 million shares at $0.55 per share, exercisable until November 2027. The company is also pursuing refinancing of an additional $7.5 million debt into a long-term settlement.In a significant governance update, Ms. Renah Persofsky has joined the Board of Directors, replacing Ms. Lior Lurye. Persofsky brings extensive experience from multiple Nasdaq-listed companies and will serve as an independent director, strengthening the company's corporate governance and strategic oversight.