Replies to post #638884 on ORIONS Money Stocks

[georgie18]

HUBC...$1.50...TEL AVIV, Israel, April 05, 2024 (GLOBE NEWSWIRE) -- via IBN – HUB Cyber Security Ltd. (Nasdaq: HUBC), a developer of confidential computing cybersecurity solutions and services (‘HUB’ or the 'Company'), is pleased to announce a successful $8 million financing acquisition via a straight debt arrangement. This strategic financing is part of the company's ongoing effort to fortify its financial foundation and strategically invest in its future.

Opting for a straight debt facility, we have set our sights on fueling HUB’s growth, enhancing our working capital, and seamlessly fulfilling our obligations to creditors. This financing mechanism was meticulously chosen to ensure we stay on course with our financial responsibilities while vigorously pursuing our expansion plans.

Noah Hershcoviz, CEO of HUB, remarked, “Securing this financing underlines our commitment to growth and financial stability. It enables our strategic initiatives, meets creditor obligations, and reflects our dedication to transparency and accountability. Additionally, we are nearing the completion of our audit process, a crucial step in timely submitting our year-end financial reports, further affirming our commitment to our stakeholders.”

For further information or inquiries, please contact: [e-mail]