TEL AVIV, ISRAEL, April 5, 2024 (GLOBE NEWSWIRE) — Via IBN – HUB Cyber Security Ltd., a developer of confidential computing cybersecurity options and companies (“HUB” or the “Company”) Nasdaq: HUBC) is happy to announce that it has efficiently raised $8 million in straight debt association. This strategic financing is a part of the corporate’s continued efforts to strengthen its monetary place and make investments strategically for the long run.
We have chosen a straight debt construction with the purpose of accelerating HUB’s progress, strengthening our working capital and seamlessly fulfilling our obligations to our collectors. This financing mechanism was chosen with nice care to make sure that we are able to meet our monetary tasks whereas vigorously pursuing our growth plans.
Noah Hershkovis, CEO of HUB, stated: This allows our strategic initiatives, meets our creditor obligations and displays our dedication to transparency and accountability. Additionally, we’re nearing completion of the audit course of, which is a vital step in direction of well timed submission of year-end monetary studies and additional affirms our dedication to our stakeholders. ”
For extra data or inquiries, please contact us at information@hubsecurity.com.
About HUB Security Co., Ltd.
HUB Cyber Security Ltd (“HUB”) was based in 2017 by veterans of the Israel Defense Forces’ elite intelligence items. We concentrate on distinctive cyber safety options that shield delicate industrial and authorities data. The firm debuted superior cryptographic computing options to forestall hostile intrusions on the {hardware} stage, whereas concurrently introducing a brand new set of knowledge theft prevention options. HUB Security operates in additional than 30 nations and gives progressive companies.
Cybersecurity computing home equipment and wide selection of cybersecurity companies worldwide.
Forward-looking statements
If a number of of those dangers or uncertainties materialize, or if any of the assumptions made by HUB Security’s administration show incorrect, precise outcomes might differ from these associated to those forward-looking statements. They might differ in materials respects from these expressed or implied within the description.
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