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HUB Security

12 stories about HUB Security

השקת האב סקיוריטי הישראלית ב נאסד"ק במרכז התמונה עוזי מוסקוביץ' מנכ"ל החברה

Hedge fund appeals to court to declare Hub Security as insolvent

11.04.24|Almog Azar

Dominion Capital claims that Hub is not paying back a debt of over $3 million as "not only does the company lack an economic horizon, but it also lacks economic feasibility, and it is highly doubtful if it ever had any at this stage."

Hub Security entered Nasdaq at $1.3B valuation despite not having a mature product or significant sales, admits outgoing CEO

17.01.24|Almog Azar

"There was no product and there were no sales. The product was not ready at all," said outgoing CEO Uzi Moscovich, who still serves as a director on Hub’s board. The cyber company has lost over 98% of its value since entering the Nasdaq 10 months ago, falling to a market cap of under $20 million

How did Hub Security go from a $1.3 billion valuation to potential bankruptcy in six months

17.08.23|Almog Azar

The Israeli cyber company, which merged with a SPAC in February, began trading on Nasdaq at a value of $1.3 billion. However, since then, the founder was suspected of embezzlement and left, the stock plummeted, the coffers emptied, and the 2022 reports, which were submitted only this week, feature a note regarding the company's ability to continue as a going concern

מנכ"ל האב סקיוריטי לשעבר אייל משה ו אלי רייפמן

Hub Security under investigation by Israel Securities Authority

27.04.23|Golan Hazani

The ISA's investigation has intensified due to a report that the cyber company is looking into misuse of company funds by former CEO Eyal Moshe

Hub Security investigating suspicions that founder and former CEO was embezzling company funds

20.04.23|Golan Hazani

Eyal Moshe was ousted in February by new CEO Uzi Moskowitz. The cyber company’s current market cap is just $118 million - a far cry from the $1.28 billion valuation at which its SPAC merger was signed

Hub Security valuation keeps falling as company fails to calm investors

30.03.23|Almog Azar

The company reached a market cap of $145 million, a far cry from the value at which it was supposed to go public

Nightmare on Wall Street: Hub Security’s value plummets after SPAC merger

06.03.23|Almog Azar

The cyber company's promises to issue on the Nasdaq at a value of $1.3 billion seem like a distant memory after its share price collapsed by more than 37% within three trading days, to a market cap of $157 million

Show me the money: Investors in Hub Security’s SPAC still haven't deposited the money

26.02.23|Almog Azar

The Israeli cyber company, which is supposed to merge with an American SPAC at a value of $1.28 billion, canceled Sunday's shareholders' meeting during which the change in the identity of the investors in the offering was set to be approved. The reason: the investors have not yet deposited the money

A crack in the SPAC? Hub Security's SPAC merger in danger of falling through

05.02.23|Almog Azar

The Israeli cyber company postponed the completion date of its $1.28 billion SPAC merger to the end of the month after one of the anchor investors backtracked

Israeli cybersecurity startup HUB Security merging with SPAC at $1.28 billion valuation

23.03.22|CTech

HUB provides advanced encrypted computing solutions for companies and organizations aiming to prevent hostile intrusion and exposure of sensitive data

HUB Security acquires cybersecurity company Comsec for over $20 million

29.09.21|CTech

The merger between the Israeli companies will enable HUB to more than double its revenues, according to the company founded by veterans of the IDF's 8200 and 81 intelligence units

ALD merging with cybersecurity startup HUB Security

14.02.21|CTech

Merger to be followed by $65 million cash infusion from institutional investors, with new joint company to be valued at $105 million