Hub Cyber Security Ltd. (HUBC) Form 6-K — Aug 4, 2026
Hub Cyber Security Ltd. (Nasdaq: HUBC) signed a share purchase agreement on August 4, 2026 to sell 100% of the QPoint Group — five Israeli technology-services subsidiaries led by QPoint Technologies — to Malam Team Group entities Mertens Computer Consultants Ltd. and Malam Training Ltd. for approximately NIS 26.5 million (about US $8.7 million).
Key figures
- Deal Value Usd
- 8700000
- Escrow Percent
- 15% of consideration at closing, reduced to 7.5% after 12 months
- Valuation Basis
- 2x QPoint Group agreed FY2025 gross profit (~NIS 13.2 million / ~$4.3 million)
- Malam Payment Nis
- 5374000
- Mertens Payment Nis
- 21090000
- Indemnification Cap
- 20% of total consideration
- Non Compete Period Years
- 3
- Total Consideration Nis
- NIS 26,464,000
- Indemnity Survival Months
- 24
- Indemnification Basket Nis
- 150000
- Competition Clearance Window Days
- 90
AI analysis
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