HUB Cyber Security Cuts $5.7 Million Debt by 70%, Obtains $1 Million Additional Funding

MT Newswires Live

2024/11/29

Hub Cyber Security (HUBC) said Friday it reached an agreement with AGP to decrease by 70% its $5.7 million convertible note obligations via an amicably negotiated settlement.

The company also said it obtained an additional $1 million investment from an investor who had previously invested $10 million.

Hub Cyber Security also said it is seeking to refinance $7.5 million of debt into a long-term settlement.

The company's shares were rising 6.9% in recent trading.

Price: 0.55, Change: +0.04, Percent Change: +6.93

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