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News  ›  GlobeNewswire Inc.

Hub Cyber Security Successfully Settles Legacy Class Action Litigation and Removes Structural Friction to Accelerate Execution

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Noah Hershcoviz
Hub Cyber Security Successfully Settles Legacy Class Action Litigation and Removes Structural Friction to Accelerate Execution

Hub Cyber Security has settled a legacy U.S. securities class action related to its 2023 IPO for $11 million, primarily financed by insurance carriers. The settlement aims to remove structural barriers and allow the company to focus on its business operations.

Insights
HUBC   positive

The company successfully resolved a legal issue with minimal cash outlay, removed operational distractions, and positioned itself to focus on future business growth and strategic objectives