Key Highlights

● HUB Cyber Security appointed two new directors on October 13, 2026.

● Fiscal 2025 revenue was about $31.66 million against a net loss of about $119.79 million.

● The company agreed to sell QPoint Group for about $8.7 million.

● A new Nasdaq notice on market value of listed securities was received September 23.

HUB Cyber Security Ltd. (NASDAQ:HUBC) appointed two new directors on October 13, 2026, the latest in a run of corporate events that includes a reverse share split, a divestiture and a series of Nasdaq compliance notices. For a company that reported a sharply larger net loss for fiscal 2025, board refreshment arrives at a moment when governance and capital allocation are likely to be scrutinized.

Latest Company Context

HUB Cyber Security provides cybersecurity solutions in Israel, the Americas, Asia Pacific and Europe through two segments, Product and Technology and Professional Services. The company was founded in 2017 and reports about 310 employees. For fiscal 2025, market-data summaries show revenue of about $31.66 million, up roughly 7.1% from $29.56 million in 2024, and a net loss of about $119.79 million. The year's headlines have been busy. On March 31, 2026 the company announced a leadership transition, with chief executive Noah Hershcoviz resigning.

On May 21 it received a Nasdaq deficiency notice relating to the delayed filing of its 2025 annual report on Form 20-F, and on August 3 it announced it had regained compliance. On July 1 it acquired certain senior subordinated convertible notes of Evofem for no cash, and on August 4 it agreed to sell QPoint Group to Malam Team Group for about $8.7 million. A reverse share split was announced on September 10, and on September 25 the company disclosed a new Nasdaq notice, received September 23, regarding the market value of listed securities requirement.

Key Business and Index Drivers

The divestiture of QPoint may sharpen the company's focus on its core products, although it also removes a revenue contributor, so the net effect on reported sales could be meaningful. The size of the fiscal 2025 loss, which is far larger than revenue, suggests that non-operating or non-cash items may have played a role, and investors may want to read the notes to the accounts to understand the composition.

The Evofem convertible notes transaction is unusual for a cybersecurity vendor and may raise questions about strategy, since the company obtained the notes for no cash. A reverse split can address minimum price rules, but the September notice about market value shows that listing standards remain a recurring consideration. No major U.S. index membership has been verified, so index demand is not an established factor. Cybersecurity spending trends, particularly in government and defense-related work, may also influence demand for its offerings.

What Investors Should Watch

Investors may watch whether the two new directors bring expertise in capital markets, turnaround situations or security technology, and whether a permanent chief executive is named if that role remains in transition. Closing conditions and proceeds timing for the QPoint sale are another marker, as are any plans to use proceeds for debt reduction or product development. The company's response to the market-value notice, including the compliance period and possible remedies, may influence sentiment. Quarterly or half-year results will be important for showing whether recurring product revenue is stabilizing after the divestiture. Finally, any update on the Evofem notes, including how they are valued and whether they are converted or restructured, could clarify the rationale behind that holding.

Restructuring Under Listing Pressure

HUB Cyber Security is navigating a period of restructuring, with governance changes, an asset sale and listing-compliance matters unfolding together. These developments may improve focus and financial flexibility, but outcomes are uncertain and depend on execution.