HUB Cyber Security has successfully restructured $7 million of its secured debt with United Mizrahi Tefahot Bank through a settlement agreement signed on December 19, 2024. The restructured amount represents over 60% of the company's secured debt through its subsidiary Comsec Ltd. Under the agreement, principal payments are deferred until June 2025, aligning with expected free cash flow generation.The company is in advanced negotiations to refinance its remaining secured debt, with completion expected in Q1 2025. This restructuring enhances liquidity and enables the company to focus on scaling operations. CEO Noah Hershcoviz emphasized that this milestone demonstrates HUB's stability and ability to execute financial strategies aligned with business goals.The debt restructuring is part of HUB's broader strategy to settle or extend most of its outstanding debt to achieve financial stability. The company, established in 2017 by Israeli Defense Forces veterans, specializes in advanced cybersecurity solutions and operates in over 30 countries, providing encrypted computing technologies and data theft prevention solutions.

HUB Cyber Security has successfully restructured $7 million of its secured debt with United Mizrahi Tefahot Bank through a settlement agreement signed on December 19, 2024. The restructured amount represents over 60% of the company's secured debt through its subsidiary Comsec Ltd. Under the agreement, principal payments are deferred until June 2025, aligning with expected free cash flow generation.The company is in advanced negotiations to refinance its remaining secured debt, with completion expected in Q1 2025. This restructuring enhances liquidity and enables the company to focus on scaling operations. CEO Noah Hershcoviz emphasized that this milestone demonstrates HUB's stability and ability to execute financial strategies aligned with business goals.The debt restructuring is part of HUB's broader strategy to settle or extend most of its outstanding debt to achieve financial stability. The company, established in 2017 by Israeli Defense Forces veterans, specializes in advanced cybersecurity solutions and operates in over 30 countries, providing encrypted computing technologies and data theft prevention solutions.