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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