HUB Cyber Security Ltd. Announces 1-for-50 Reverse Share Split

HUB Cyber Security Ltd. announced a 1-for-50 reverse share split of its ordinary shares, effective April 20, 2026. This move aims to increase the per-share trading price and maintain compliance with Nasdaq's minimum bid price requirement. The company's ordinary shares will begin trading on a split-adjusted basis under the existing symbol "HUBC" but with a new CUSIP number. Fractional shares will be rounded down to the nearest whole share. The reverse split will also affect derivative securities, including options and warrants, with adjustments to exercise prices and issuable shares. The company believes this action is necessary for continued listing on Nasdaq. The announcement was made on April 16, 2026, with further details available in the company's proxy statement.