Summary by Moomoo AI
HUB Cyber Security Ltd. filed an amendment to its Form F-1 registration statement with the SEC on December 31, 2024. The filing covers the potential issuance of up to 1,891,847 ordinary shares upon exercise of various warrants, as well as the resale of up to 77,317,147 ordinary shares and 11,687 warrants by selling securityholders.The offering includes shares issuable upon conversion of convertible notes and exercise of warrants from several recent financing transactions. HUB could receive up to $41.9 million if all warrants are exercised, to be used for general corporate purposes. However, the company noted significant liquidity concerns and ongoing debt defaults totaling $85.5 million as of June 30, 2024.HUB disclosed it is not currently compliant with Nasdaq listing standards and has received a delisting notice, pending a hearing. The company warned that sales by selling shareholders could cause significant declines in its stock price. HUB emphasized substantial doubt about its ability to continue as a going concern without additional financing.