HUB Cyber Security Shares Rise 50% After Financing Secured

Dow Jones04-05

By Chris Wack

HUB Cyber Security shares were up 50%, to $1.56, after the company said it secured $8 million in financing via a straight debt arrangement.

The stock hit its 52-week low of 68 cents on Wednesday, and is still down 88% in the past 12 months.

The cybersecurity company said the financing is part of an effort to shore up its financial foundation and meet creditor obligations while allowing for strategic investment.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

April 05, 2024 11:15 ET (15:15 GMT)

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