Hub Cyber Security to execute 1-for-25 reverse share split

Hub Cyber Security Ltd. (NASDAQ:HUBC) has announced a 1-for-25 reverse stock split, effective at 11:59 p.m. Eastern Time on Friday. The reverse split will result in 1,795,821 ordinary shares outstanding post-split, with the trading of shares beginning on a split-adjusted basis on The Nasdaq Stock Market on Monday under the existing symbol HUBC and a new CUSIP number M6000J309.

The company's outstanding warrants will continue trading under symbols HUBCW and HUBCZ with unchanged CUSIP numbers. Hub Cyber Security's reverse split is aimed at increasing the per share trading price of the ordinary shares and maintaining compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1).

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.