Nasdaq Hearings Panel Extends HUB Cyber Security Bid Price Compliance Deadline to April 14, 2025, Following Review of HUB’s Developments
TEL AVIV, Israel, March 14, 2025 (GLOBE NEWSWIRE) — HUB Cyber Security Ltd. (NASDAQ: HUBC) (“HUB” or the “Company”), a global leader in confidential computing and advanced secured data fabric technology, announced that it has received a 14-day extension from the Nasdaq Hearings Panel (the “Panel”) to evidence compliance with the minimum bid price requirement. The Company now has through April 14, 2025, to achieve 10 consecutive trading days of at least $1 per share.
The Panel’s determination is based in part on the Company meeting the continued listing requirements for the Market Value of Listed Securities (“MVLS”).
In addition, the Panel inquired into and reviewed recent developments at HUB and the Company’s latest progress updates, prior to granting the Company the 14-day extension which it had requested.
Noah Hershcoviz, CEO of HUB Cyber Security, commented:
The Panel’s decision to grant the Company’s request for an extension in meeting the bid price requirement, following its review of HUB’s recent developments and progress, further evidences the confidence the Panel has in the Company, its latest achievements and its roadmap towards continued listing on The Nasdaq Stock Market.
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Nasdaq Hearings Panel Extends HUB Cyber Security Bid Price Compliance Deadline to April 14, 2025, Following Review of HUB’s Developments, source
