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Hub Cyber Security schedules annual shareholder meeting

EditorNatashya Angelica
Published 12/02/2024, 10:22 PM
TLRY
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Hub Cyber Security Ltd. (NASDAQ:HUBC), a Tel Aviv-based company specializing in computer communications equipment with a market capitalization of $1.21 billion, announced today it will convene its Annual General Meeting of Shareholders on December 30, 2024.

According to InvestingPro analysis, the company maintains a strong financial health profile with an overall score rated as "GOOD." The announcement, made via a 6-K filing with the U.S. Securities and Exchange Commission, follows the publication of a notice on November 25, 2024, detailing the upcoming meeting.

The 6-K filing included a proxy statement for the 2024 Annual Meeting, providing shareholders with relevant information and materials needed for the event. The meeting will be held at the company's principal executive offices located at 2 Kaplan Street, Tel Aviv, Israel.

The proxy statement, which is furnished as Exhibit 99.1 in the filing, outlines the agenda for the meeting. The specifics of the agenda items were not disclosed in the brief overview provided. Shareholders of record are encouraged to participate in the decision-making process by casting their votes on the matters to be discussed.

The company demonstrates solid operational efficiency with a current ratio of 2.47, indicating strong ability to meet short-term obligations.

As per the SEC filing, the company, formerly known as Hub Cyber Security (Israel) Ltd., underwent a name change on January 20, 2022. This change reflects the company's evolution and its focus on the cybersecurity sector.

The CEO of Hub Cyber Security Ltd., Noah Hershcoviz, signed the SEC filing, affirming the company's compliance with the requirements of the Securities Exchange Act of 1934. The 6-K form is a report of foreign private issuers under the U.S. securities laws and is used to ensure that U.S. investors have access to the same information as international investors.

Investors and interested parties are directed to the SEC filing for a comprehensive view of the proxy statement and further details about the upcoming Annual General Meeting. For deeper insights into HUBC's financial health and market position, InvestingPro subscribers can access comprehensive analysis, including detailed financial metrics, Fair Value calculations, and expert insights through the Pro Research Report, available for over 1,400 US-listed companies.

The information is based on a press release statement and aims to provide shareholders with the necessary data to make informed decisions regarding their investments in Hub Cyber Security Ltd.

In other recent news, Tilray (NASDAQ:TLRY) Brands, Inc. has been facing a shareholder lawsuit over voting standards, which the company is vigorously defending against. The lawsuit questions the validity of the voting standards used for shareholder approval of certain corporate actions.

In the midst of this legal battle, Tilray reported a record net revenue of $200 million for the first quarter, marking a 13% year-over-year increase, with the beverage division achieving a significant 132% growth in net revenue.

The company also secured lender approval for the acquisition of craft beer brands from Molson Coors (NYSE:TAP) Beverage Company, indicating a strategic expansion in line with Tilray's diversification efforts. Alongside this, the company has launched a series of fall-themed craft beers, adding to the variety in its product offerings.

Furthermore, the company has been making strategic shifts to cater to the rising trend of cannabis consumption among women, with investments in brands like Solei Cannabis. These are just a few of the recent developments for Tilray Brands, demonstrating the company's commitment to growth and innovation across its product lines.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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