Key Takeaways
- Hub Cyber Security Ltd. (Nasdaq: HUBC) has regained compliance with Nasdaq’s Market Value of Listed Securities (MVLS) requirement, maintaining an MVLS of at least $35 million for 20 consecutive business days.
- The Nasdaq Listing Qualifications Department issued formal written notice on July 31, 2026, confirming that the matter is now closed.
- The company had previously been non‑compliant after its MVLS fell below the threshold for 30 consecutive business days, as noted in a January 21, 2026 notice.
- Regaining compliance is described as an important milestone reflecting HUB’s ongoing strategic, operational, and financial transformation.
- Chairperson Renah Persofsky emphasized continued focus on executing the transformation strategy, strengthening financial and operational foundations, and building long‑term shareholder value.
- HUB operates in confidential computing, AI‑driven data fabric, and cybersecurity, with its Secured Data Fabric (SDF) enabling secure, cross‑border data analysis while meeting regulatory standards.
- The company is undergoing a comprehensive restructuring aimed at improving liquidity, simplifying organizational structure, cutting costs, and strengthening corporate governance.
- The press release includes customary forward‑looking statements, noting risks such as liquidity constraints, geopolitical tensions, lack of a CEO since April 1, 2026, and ongoing legal or regulatory matters.
Nasdaq Compliance Announcement
On August 3, 2026, Hub Cyber Security Ltd. announced that it had regained compliance with Nasdaq’s Market Value of Listed Securities (MVLS) requirement. The notice came from the Listing Qualifications Department of The Nasdaq Stock Market LLC, which confirmed on July 31, 2026 that HUB’s MVLS had remained at or above the required $35 million threshold for the last 20 consecutive business days, spanning July 2 through July 31, 2026.
Background of the Non‑Compliance Period
Prior to this achievement, HUB’s recent compliance, the company had been notified on January 21, 2026 that it was not in compliance with the MVLS rule after its market value stayed below $35 million for 30 consecutive business days. The notice triggered a period of heightened scrutiny and prompted the board and management to undertake corrective actions aimed at restoring the required market valuation.
Steps Toward Regaining Compliance
The sustained improvement in HUB’s market value reflected a series of strategic initiatives undertaken by the board and executive team. These steps included efforts to enhance liquidity, streamline the organizational structure, reduce operating expenses, and strengthen corporate governance—all of which contributed to raising the company’s market capitalization above the Nasdaq threshold.
Statement from the Board Chairperson
Renah Persofsky, Chairperson of HUB’s Board of Directors, characterized the compliance recovery as “another important step forward” for the company. She reiterated HUB’s focus on executing its transformation strategy, fortifying its financial and operational foundation, and creating sustainable long‑term value for shareholders. Persofsky noted that with the MVLS matter now closed, the organization can redirect its energy toward strategic priorities and future growth initiatives.
Overview of HUB Cyber Security Ltd.
HUB Cyber Security Ltd. (Nasdaq: HUBC) operates at the intersection of confidential computing, AI‑driven data fabric, and cybersecurity. Its flagship product, the Secured Data Fabric (SDF), has historically enabled organizations to virtualize, secure, and analyze sensitive data across borders and silos while delivering real‑time intelligence and meeting stringent regulatory standards. The company’s technology aims to address the growing need for secure data collaboration in highly regulated industries.
Current Restructuring Efforts
HUB is presently implementing a comprehensive restructuring program. The board and management have taken actions to improve liquidity, simplify the corporate structure, cut operating costs, and bolster corporate governance. These measures are intended to create a more agile and financially resilient organization capable of pursuing growth opportunities and delivering shareholder value.
Exploration of Strategic Alternatives
In addition to internal improvements, HUB’s Board of Directors continues to evaluate various strategic alternatives. The goal is to maximize shareholder value and position the company for future growth, which may include potential partnerships, divestitures, or other corporate actions that align with its long‑term vision.
Forward‑Looking Statements and Associated Risks
The press release contains forward‑looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current expectations concerning future performance, liquidity, strategic plans, and market conditions. However, they are subject to numerous risks and uncertainties, including the company’s ability to meet continued listing standards, liquidity adequacy, geopolitical tensions stemming from the Israel‑Hamas conflict and related military actions, the absence of a CEO since April 1, 2026, ongoing legal or regulatory proceedings, competitive pressures, and limited trading liquidity of HUB’s securities.
Caution Regarding Forward‑Looking Information
HUB cautions that actual results may differ materially from those expressed or implied in the forward‑looking statements due to the aforementioned risks. The company notes that these statements speak only as of the date of the press release and undertakes no obligation to update them except as required by law. Investors are encouraged to review the detailed risk factors disclosed in HUB’s Annual Report on Form 20‑F filed on July 17, 2026 for a more complete understanding of potential challenges.
Contact Information
For further information or inquiries regarding the announcement, interested parties may contact HUB Cyber Security Ltd. at [email protected]. The company remains committed to transparent communication with stakeholders as it navigates its transformation and pursues future growth.