Key Takeaways
- Hub Cyber Security Ltd. received a Nasdaq deficiency notice on May 18, 2026 for not filing its Form 20‑F for fiscal year 2025.
- The notice is a standard procedural step; it does not trigger immediate delisting but gives the company 60 calendar days (to July 17, 2026) to submit a compliance plan.
- If Nasdaq accepts the plan, the company may obtain up to an additional 180 days (to November 11, 2026) to file the delayed report.
- Failure to regain compliance could lead to a hearing before a Nasdaq Hearing Panel and possible delisting of the company’s securities.
- Hub Security states it is working diligently to finalize and file the Form 20‑F within the prescribed timeline, though no assurance of success is given.
- The company remains a global provider of confidential computing and secured data‑fabric technologies, serving Fortune 100 firms, banks, and sovereign institutions.
- Forward‑looking statements in the release are qualified by customary cautionary language and are subject to numerous risks, including liquidity constraints, geopolitical events, and ongoing legal matters.
Overview of the Form 6‑K Filing and Press Release
On May 21, 2026 Hub Cyber Security Ltd. (Nasdaq: HUBC) filed a Form 6‑K with the U.S. Securities and Exchange Commission to furnish a press release announcing that it had received a deficiency notification from Nasdaq. The Form 6‑K itself is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and the information contained therein is not incorporated by reference into any other filing unless expressly stated. The attached exhibit (Exhibit 99.1) contains the full text of the press release dated May 21, 2026, which outlines the circumstances surrounding the delayed filing of the company’s Annual Report on Form 20‑F for the fiscal year ended December 31, 2025.
Details of the Nasdaq Deficiency Notification
The press release explains that on May 18, 2026 the Listing Qualifications Department of Nasdaq sent a letter (the “Letter”) to Hub Security stating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not yet filed its Form 20‑F for the period ended December 31, 2025. The Letter characterizes the notification as a standard practice when a periodic financial report is delayed; it is not an imminent delisting notice and carries no immediate effect on the listing or trading of Hub’s securities on Nasdaq. The notice is in addition to a previously disclosed letter concerning the company’s non‑compliance with Nasdaq’s continued listing standards related to the market value of its listed securities.
Compliance Timeline and Possible Extensions
Under Nasdaq Listing Rules, Hub Security has 60 calendar days from the receipt of the Letter—until July 17, 2026—to submit a plan to regain compliance. If Nasdaq accepts the submitted plan, it may grant an exception of up to 180 calendar days from the original due date of the Form 20‑F, which would extend the deadline to November 11, 2026. The release cautions that there is no assurance Nasdaq will accept the company’s plan, nor that Hub will be able to regain compliance within any extension period that might be granted.
Potential Outcomes if Compliance Is Not Achieved
Should Nasdaq reject the company’s compliance plan, Hub Security would have the opportunity to appeal that decision to a Nasdaq Hearing Panel under Listing Rule 5815(a). If the company fails to timely regain compliance with Nasdaq’s listing rules—either through the initial plan, an accepted extension, or a successful appeal—its securities could become subject to delisting from Nasdaq. The press release stresses that delisting would only occur after all procedural avenues have been exhausted and that the company remains committed to avoiding that outcome.
Company’s Response and Ongoing Efforts
Hub Security states that it is continuing to work diligently to finalize and file the Form 20‑F as soon as practicable within the timeline prescribed by Nasdaq. The company acknowledges, however, that there can be no assurance it will be able to file the report within any applicable cure period. This candid admission reflects the uncertainty surrounding the completion of the annual report, which may be influenced by internal processes, audit readiness, or other operational factors.
About Hub Cyber Security Ltd.
The release provides a brief overview of the company’s business: Hub Cyber Security Ltd. (Nasdaq: HUBC) is a global leader in confidential computing, AI‑driven data fabric, and cybersecurity. Its Secured Data Fabric (SDF) platform enables organizations to virtualize, secure, and analyze sensitive data across borders and silos while generating real‑time intelligence and meeting the highest regulatory standards. Hub operates across North America, Europe, and Israel, partnering with Fortune 100 companies, global banks, and sovereign institutions to secure the next generation of digital infrastructure.
Forward‑Looking Statements and Cautionary Language
The press release includes a section on forward‑looking statements, noting that such statements are identified by words like “plan,” “believe,” “expect,” “anticipate,” and similar terms. These statements are based on the current expectations of Hub’s management and are inherently subject to uncertainties and changes in circumstances. The company cautions that actual results may differ materially from those expressed or implied due to a variety of risks and uncertainties, and it undertakes no obligation to update these statements except as required by law.
Principal Risks and Uncertainties Highlighted
The release enumerates several risk factors that could affect Hub’s future performance, including:
- Ability to meet Nasdaq continued listing standards and remain listed.
- Liquidity and capital resources adequacy to repay obligations as they become due.
- Future financial performance tied to business plans, market trends, pricing, operating expenses, and growth initiatives.
- Outcome of legal or regulatory proceedings related to the company’s internal investigation or other matters.
- Impact of the Israel‑Hamas war (commencing October 2023) on the Israeli economy and Hub’s operations.
- Competitive pressures and the ability to grow profitably while retaining key employees and customer/supplier relationships.
- Limited liquidity and trading of Hub’s securities.
- Geopolitical risks, such as military action, sanctions, and changes in applicable laws or regulations.
- General economic, business, and competitive factors that could adversely affect the company.
- Additional risks detailed in the “Risk Factors” and “Cautionary Statement Regarding Forward‑Looking Statements” sections of Hub’s Annual Report on Form 20‑F filed on May 1, 2025.
Investor Relations Contact
For further information, the release provides contact details for Hub Security’s investor relations firm:
- Lytham Partners
- Ben Shamsian
- Phone: 646‑829‑9701
- Email: [email protected]
This contact information is intended for shareholders, analysts, and other interested parties seeking clarification on the company’s filing status, financial condition, or upcoming developments.