Key Takeaways
- Hub Cyber Security (Nasdaq: HUBC) announced a 1‑for‑50 reverse share split of its ordinary shares, effective for trading on a split‑adjusted basis at the Nasdaq open on April 20, 2026.
- The split will change the CUSIP of the ordinary shares to M6000J184 while the ticker symbol remains HUBC; warrants keep their existing symbols and CUSIPs.
- Pre‑split there were 64,102,600 shares outstanding; after the 1‑for‑50 consolidation and rounding down fractional shares, the company will have 1,282,052 shares outstanding.
- No fractional shares will be issued; any fractions are rounded down, which may slightly reduce very small holdings.
- The reverse split is intended to lift the per‑share price and help the company remain compliant with Nasdaq Listing Rule 5450(a)(1)’s minimum bid‑price requirement.
- Historical reverse splits (1‑for‑10 in March 2025 and 1‑for‑15 in January 2026) produced average post‑announcement declines of ‑26.4 %; the current announcement triggered a ‑37.7 % move, removing roughly $6 million from market value.
- Derivative securities (notes, options, warrants, restricted share units) will be adjusted contractually to preserve their economic effect after the split.
- The company’s press release includes extensive forward‑looking statements and warns of risks such as liquidity constraints, geopolitical tensions, and continued‑listing compliance.
Announcement Details of the 1‑for‑50 Reverse Share Split
Hub Cyber Security Ltd. (Nasdaq: HUBC) disclosed on April 16, 2026 that it will effect a 1‑for‑50 reverse share split of
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