TEL AVIV, Israel , March 15, 2023 /PRNewswire/ — HUB Cyber Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announced today that the Israeli investment bank, A-Labs Advisory & Finance Ltd. (“ALabs”), has reaffirmed its irrevocable commitment to invest $20 million in HUB as an equity PIPE investment at $10 per share, previously made in connection with the Company’s business combination. This commitment represents a significant premium to current market price.

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