HUB Cyber Security announces NASDAQ listing
By SSN Staff
Updated 2:09 PM CST, Tue February 28, 2023
TEL AVIV – HUB Cyber Security Ltd. has completed its business combination with Mount Rainier Acquisition Corp. and will begin trading on the NASDAQ Stock Market.
The combined entity will operate as Hub Cyber Security Ltd. and will trade under the ticker HUBC. The move to the NASDAQ marks the transfer of its common stock from the Tel Aviv Stock Exchange. The company has over $500 million in signed government contracts and major clients of its services including the pentagon HUB boasted in their release announcement.
“We are extremely pleased to complete this transaction and become a public company traded on the NASDAQ,” said Uzi Moskovitch, Major General (Ret.), CEO of HUB. “HUB has grown rapidly, and we believe this transformative step will support our initiatives to capitalize on the large, and fast growing market for more efficient and effective cybersecurity solutions. Our goal is to continue to develop and implement advanced confidential computing and other cybersecurity technologies for our current and future customers in both government and private industry. Creating additional liquidity and gaining increased visibility are key to a more relevant valuation, and we look forward to building more value for our public shareholders.”
HUB said that company leadership would be at the NASDAQ MarketSite to ring in the opening bell on Mar. 1, 2023.
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