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Hub Security

10 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."
השקת האב סקיוריטי הישראלית ב נאסד"ק במרכז התמונה עוזי מוסקוביץ' מנכ"ל החברה

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
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
אייל משה מנכ"ל Hub Security

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

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

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
אייל משה מנכ"ל Hub Security

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
מימין איתי בן זאב מנכ"ל הבורסה יאיר נחמד מנכ"ל נאייקס

The American dream could end as a nightmare for Israeli tech hopefuls

07.02.22|Sophie Shulman
The dream of Israeli tech companies, such as Nayax and HUB Security, to be listed on Wall Street remains understandably strong, but local firms had better keep their eyes wide open, as investors overseas tend to be far less forgiving
אייל משה מנכ"ל Hub Security

ALD announces $50 million funding following Hub Security merger

03.06.21|Daniel Farber-Ball
The publicly traded Israeli company announced its plans to merge with Hub Security earlier this year
Andrey Yeremenko Hub Security

Israeli startup develops solution to secure booming DeFi market

23.02.21|CTech
“More than $41 billion worth of assets are locked in DeFi apps, yet their security solutions are still consumer-oriented,” said Hub Security CTO and co-founder, Andrey Iaremenko