HUB Cyber Security Ltd. filed a Form 6-K on October 27, 2026, disclosing that its secured creditor has filed a court application, with the company's consent, to enforce a pledge on subsidiary shares and appoint joint receivers to facilitate completion of the QPoint Sale under court supervision.

Key Highlights

  • Court application filed: The secured creditor applied to the District Court of Tel Aviv-Jaffa to enforce its pledge on shares of the QPoint Group and appoint Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over those shares.
  • Regulatory approval secured: The Israeli Competition Authority approved the QPoint Sale on October 14, 2026, fulfilling, according to the filing, "one of the main conditions to closing the QPoint Sale."
  • Subsidiaries involved: The QPoint Group comprises QPoint Technologies Ltd., Aginix Engineering and Project Management Ltd., QPoint Solutions Ltd., Sensecom Consulting and Project Management Ltd., and Integral Telemanagement Services Ltd.
  • Sale proceeds allocation: The filing states proceeds from the QPoint Sale "are intended to be applied toward the repayment of substantially all of the debt owed to a senior secured creditor," but will be insufficient to repay that debt in full.
  • Hearing scheduled: A court hearing on the application is set for November 1, 2026, at 10:00 a.m. Israel time, Case No. 59179-10-26.
  • Restructuring context: According to the filing, the QPoint Sale "forms part of the measures being taken by the Company to implement a comprehensive restructuring and reduce its liabilities to third parties."

HUB Cyber Security Seeks Court-Supervised Completion of QPoint Group Divestiture

HUB Cyber Security Ltd., trading on NASDAQ:HUBC, disclosed in a Form 6-K for the month of October 2026 that its secured creditor has filed an application to the District Court of Tel Aviv-Jaffa, with the consent of both the company and the purchasers, to enforce a registered pledge over the shares of the QPoint Group. The application seeks appointment of Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over those pledged shares, with the stated purpose of facilitating the QPoint Sale on "the same commercial terms, under court supervision."

The filing indicates that the purchasers are Martens Computer Consultants Ltd. and Malam Training Ltd., who agreed to acquire 100% of the issued and outstanding share capital of the five QPoint Group subsidiaries. The Israeli Competition Authority's approval on October 14, 2026 satisfied what the filing describes as one of the main conditions precedent to closing. The company disclosed that, because the sale proceeds are intended to repay the secured creditor but will not cover that debt in full, "the Company believes that the QPoint Sale will not prejudice the Company's other creditors."

The filing was signed by Limor Zur-Stoller, Chief Financial Officer, on October 27, 2026. The company noted the information is furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act. No financial figures for the sale price or total debt outstanding were specified in this filing.

What Was Disclosed

HUB Cyber Security Ltd. notified creditors and the public via a Form 6-K that its secured creditor has sought court appointment of joint receivers over pledged subsidiary shares to complete the previously announced QPoint Sale, with a hearing set for November 1, 2026.