Hub Cyber Security Ltd. (NASDAQ: HUBC) has rolled out several plans to enhance its financial situation and strategic focus. The company has agreed to cut its $5.7 million convertible debt by 70% and has secured an extra $1 million investment from a private supporter, improving its financial standing. They are also working on refinancing $7.5 million of their current debt into a long-term solution.
Moreover, Renah Persofsky has joined the board of directors, taking over from Lior Lurye, and she brings a wealth of experience to her new position. Following this news, HUBC shares rose by 4.29%.
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