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HUB Cyber Security Ltd. Reports $7M Debt Restructuring & AGM Highlights - Form 6-K

$HUBC
Form 6-K
Filed on: 2024-12-31
Source
HUB Cyber Security Ltd. Reports $7M Debt Restructuring & AGM Highlights - Form 6-K

Based on the provided section of the financial report (Form 6-K) for HUB Cyber Security Ltd., here are the key insights and information:

  1. Issuer Information:
  • Company Name: HUB Cyber Security Ltd.
  • Address: 2 Kaplan St., Tel Aviv 6473403, Israel
  • Contact Number: +972-3-924-4074
  1. Filing Details:
  • Form Type: 6-K (Report of Foreign Private Issuer)
  • Commission File Number: 001-41634
  • Filing Date: December 31, 2024
  • Reporting Period: Month of December 2024
  1. Significant Events:
  • Debt Restructuring: On December 23, 2024, the company announced via a press release that it secured $7 million in debt restructuring. This is critical as it indicates the company's efforts to manage its liabilities and improve its financial position.
  • Annual General Meeting (AGM): The AGM was held on December 30, 2024, at the company's offices. All proposals on the meeting's agenda were voted on and approved by the shareholders, signifying shareholder support for management decisions.
  1. Compliance Statements: The report states that the information provided is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. This indicates that while the information is important, it does not carry the same legal weight as formal filings.
  2. Exhibits:
  • The report includes Exhibit 99.1, which is the press release related to the debt restructuring. This document can provide further details on the nature and terms of the restructuring.
  1. Management Signature:
  • The report is signed by Noah Hershcoviz, Chief Executive Officer, confirming the authenticity of the reported information.

Insights:

  • The debt restructuring of $7 million signifies a proactive approach by HUB Cyber Security Ltd. to enhance its financial stability amid potential challenges.
  • The approval of all proposals at the AGM suggests strong governance and alignment between management and shareholders.
  • The filing of a Form 6-K indicates ongoing compliance with SEC regulations, which is essential for maintaining investor confidence and transparency.

This report provides a snapshot of HUB Cyber Security Ltd.'s recent activities and financial management strategies, critical for stakeholders and potential investors evaluating the company's performance and outlook.