HUB Cyber Security has successfully completed a $15 million financing package, comprising an $8 million debt restructuring, $2 million in new debt financing, and $5 million from warrant exercises by key shareholders at $0.90 per share. The refinancing extends the repayment dates to August and September 2024, while reducing the minimum conversion price and warrant exercise price from $0.90 to $0.50.The new $2 million debt carries a 10% interest rate, extendable to 15% per annum after September 24, 2024. The debt is secured by Qpoint group shares and includes warrants for 3 million ordinary shares - 1 million exercisable at $0.50 and 2 million at $0.70, both valid until June 2027. The conversion and exercise are capped at 4.99% ownership threshold.CEO Noah Hershcoviz stated that the successful financing demonstrates investor confidence in the company's vision and strategic direction. The strengthened financial position will support the company's product development, particularly its Secure Data Fabric roadmap, and drive growth in the cybersecurity space.

HUB Cyber Security has successfully completed a $15 million financing package, comprising an $8 million debt restructuring, $2 million in new debt financing, and $5 million from warrant exercises by key shareholders at $0.90 per share. The refinancing extends the repayment dates to August and September 2024, while reducing the minimum conversion price and warrant exercise price from $0.90 to $0.50.The new $2 million debt carries a 10% interest rate, extendable to 15% per annum after September 24, 2024. The debt is secured by Qpoint group shares and includes warrants for 3 million ordinary shares - 1 million exercisable at $0.50 and 2 million at $0.70, both valid until June 2027. The conversion and exercise are capped at 4.99% ownership threshold.CEO Noah Hershcoviz stated that the successful financing demonstrates investor confidence in the company's vision and strategic direction. The strengthened financial position will support the company's product development, particularly its Secure Data Fabric roadmap, and drive growth in the cybersecurity space.