HUB Cyber Security, a global leader in confidential computing and advanced data fabric technology, has successfully resolved $16.6m in legacy liabilities through strategic settlements with Oppenheimer & Co. and Dominion Capital.
The agreements significantly improve the company’s financial position by eliminating $9.1m in outstanding claims and reducing the total liability to a final settlement of $7.5m.
To support these settlements, HUB secured $13.5m in financing from Claymore Capital Pty Ltd. The funding is structured as long-term convertible notes, allowing HUB to fulfill its settlement obligations without any immediate cash outlay. The notes, set at zero interest over a five-year term, effectively refinance the company’s short-term liabilities, providing greater financial stability and liquidity.
Founded in 2017 by veterans of the Israeli Defense Forces’ elite intelligence units, HUB Cyber Security specialises in advanced cybersecurity solutions that protect sensitive commercial and government information. Its offerings include encrypted computing technologies designed to prevent hardware-level intrusions and mitigate risks associated with data breaches. Operating in over 30 countries, HUB serves a diverse global client base with its innovative security solutions.
HUB Cyber Security CEO Noah Hershcoviz said, “We are concluding a pivotal transitional period, successfully resolving significant legacy liabilities and eliminating obstacles that once limited our growth potential. Settling these obligations was a top priority for our management team upon joining HUB, and we are proud to have achieved this milestone. With these settlements behind us, HUB is now fully focused on executing our growth strategy.
“Following our transformative BlackSwan acquisition and a complete executive-level restructuring, we are entering our next phase with a clear strategic direction and a strong pipeline of opportunities. These transactions strengthen our financial foundation, position us to capitalize on growing market demand, and enhance our ability to create long-term value for our shareholders.”
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