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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments