Hub Cyber Security Settles Class Action, Enhances Operational Efficiency

Hub Cyber Security Ltd. has successfully settled a legacy class action lawsuit, which is expected to remove structural friction and accelerate the company's operational execution. The settlement is part of a broader strategy to enhance its market position and streamline its operations. The company, a provider of confidential computing and secured data fabric, aims to leverage this resolution to focus on growth and innovation. The settlement was confirmed on May 21, 2026, and is anticipated to positively impact the company's future performance. This development follows a reverse share split announced in March 2025, which aimed to increase the stock price and attract institutional investors. The company continues to operate on the Nasdaq under the ticker HUBC.

Key Points: • Hub Cyber Security settled a legacy class action lawsuit on May 21, 2026. • The settlement aims to enhance operational efficiency and market position. • The company previously announced a reverse share split in March 2025.