Provides a business replace on deployments and progress of its upcoming itemizing on NASDAQ
TEL AVIV, Israel, Sept. 12, 2022 /PRNewswire/ — HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of Confidential Computing cybersecurity options and providers (“HUB” or the “Company“), is updating its shareholders in the present day on the next progress:
- Progressing as deliberate following the current F-4 registration assertion submission to the SEC, with an anticipated itemizing earlier than year-end 2022.
- A young contract was received with the Israeli Department of Defense for the provisioning of NIS 4.2 million value of HUB’s services over the following 3 years.
- Receipt of first orders to deploy HUB’s Confidential Computing options for a Swiss company within the whole anticipated quantity of USD 18 million over 3 years (in context with TASE report Ref#: 2022-01-061507).
About HUB Cyber Security (Israel) Limited
HUB Cyber Security (Israel) Limited (“HUB”) was established in 2017 by veterans of the 8200 and 81 elite intelligence models of the Israeli Defense Forces. The firm focuses on distinctive Cyber Security options defending delicate industrial and authorities data. The firm debuted a sophisticated encrypted computing resolution aimed toward stopping hostile intrusions on the {hardware} stage whereas introducing a novel set of knowledge theft prevention options. HUB operates in over 30 nations and offers progressive cybersecurity computing home equipment in addition to a variety of cybersecurity providers worldwide.
About Mount Rainier Acquisition Corp.
Mount Rainier Acquisition Corp. is a clean examine firm sponsored by DC Rainier SPV LLC, a Delaware restricted legal responsibility firm managed by Dominion Capital LLC, whose business goal is to impact a merger, share change, asset acquisition, inventory buy, reorganization or comparable business mixture with a number of companies.
Forward-Looking Statements
Certain statements included on this press launch are usually not historic information however are forward-looking statements for functions of the protected harbor provisions below the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements usually relate to future occasions or HUB’s or RNER’s future monetary or working efficiency. In some instances, you may determine forward-looking statements by terminology resembling “may”, “should”, “would”, “seem”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “future”, “predict”, “potential,” “forecast” or “continue”, or the negatives of these phrases or variations of them or comparable terminology, however the absence of these phrases doesn’t imply {that a} assertion isn’t forward-looking. Such forward-looking statements are topic to dangers, uncertainties, and different components that might trigger precise outcomes to vary materially from these expressed or implied by such ahead trying statements.
These forward-looking statements are based mostly upon estimates and assumptions that, whereas thought-about cheap by HUB and its administration, and RNER and its administration, because the case could also be, are inherently unsure. These forward-looking statements are offered for illustrative functions solely and are usually not meant to function, and should not be relied on by any investor as, a assure, an assurance, a prediction or a definitive assertion of reality or chance. Actual occasions and circumstances are troublesome or not possible to foretell and will differ from assumptions. Many precise occasions and circumstances are past the management of HUB or RNER. Factors that will trigger precise outcomes to vary materially from present expectations embody, however are usually not restricted to: (i) expectations concerning HUB’s methods and future monetary efficiency, together with its future business plans or targets, potential efficiency and alternatives and opponents, revenues, services, pricing, working bills, market traits, liquidity, money flows and makes use of of money, capital expenditures, and HUB’s capability to put money into development initiatives and pursue acquisition alternatives; (ii) the incidence of any occasion, change or different circumstances that might give rise to the termination of negotiations and any subsequent definitive agreements with respect to the proposed transactions; (iii) the end result of any authorized proceedings which may be instituted in opposition to RNER, HUB, the Combined Company or others following the announcement of the proposed transactions and any definitive agreements with respect thereto; (iv) the lack to finish the proposed transactions as a result of, amongst different issues, the failure to acquire approval of the stockholders of RNER or HUB, to acquire sure governmental and regulatory approvals or to fulfill different circumstances to closing, together with delays in acquiring, opposed circumstances contained in, or the lack to acquire essential regulatory approvals or full regulatory critiques required to finish the proposed transactions; (v) the lack to acquire the financing essential to consummate the proposed transactions; (vi) adjustments to the proposed construction of the proposed transactions which may be required or applicable because of this of relevant legal guidelines or rules or as a situation to acquiring regulatory approval of the proposed transactions; (vii) the flexibility to satisfy inventory change itemizing requirements following the consummation of the proposed transactions; (viii) the danger that the announcement and consummation of the proposed transactions disrupts HUB’s present plans and operations; (ix) the shortage of a 3rd get together valuation in figuring out whether or not or to not pursue the proposed transactions; (x) the flexibility to acknowledge the anticipated advantages of the proposed transactions, which can be affected by, amongst different issues, competitors, the flexibility of the Combined Company to develop and handle development profitably, keep relationships with clients and suppliers and retain its administration and key workers; (xi) prices associated to the proposed transactions; (xii) the quantity of any redemptions by current holders of RNER’s widespread inventory being higher than anticipated; (xiii) restricted liquidity and buying and selling of RNER’s and HUB’s securities; (xiv) geopolitical danger, together with army motion and associated sanctions, and adjustments in relevant legal guidelines or rules; (xv) geopolitical danger, together with army motion and associated sanctions, and adjustments in relevant legal guidelines or rules; (xvi) the chance that RNER, HUB or the Combined Company could also be adversely affected by different financial, business, and/or aggressive components; (xvii) inaccuracies for any motive within the estimates of bills and profitability and projected monetary data for HUB; and (xviii) different dangers and uncertainties set forth within the part entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in RNER’s ultimate prospectus referring to its preliminary public providing dated October 4, 2021.
Forward-looking statements converse solely as of the date they’re made. Nothing on this press launch needs to be thought to be a illustration by any individual that the forward-looking statements set forth herein will probably be achieved or that any of the contemplated outcomes of such forward-looking statements will probably be achieved. You shouldn’t place undue reliance on forward-looking statements, which converse solely as of the date they’re made. Neither HUB nor RNER undertakes any responsibility to replace these forward-looking statements.
Additional Information About the Transaction and Where to Find It
In reference to the proposed transaction, HUB has filed with the SEC a registration assertion on Form F-4 containing a proxy assertion/prospectus, and after the registration assertion is said efficient by the SEC, RNER will mail a definitive proxy assertion/prospectus referring to the Proposed Business Combination to its stockholders. This press launch doesn’t comprise all the data that needs to be thought-about regarding the proposed transaction and isn’t meant to kind the idea of any funding choice or some other choice in respect of the proposed transaction. This press launch isn’t an alternative to any registration assertion or for some other doc that HUB or RNER could file with the SEC in reference to the proposed transaction. Investors and safety holders are suggested to learn, when accessible, the preliminary proxy assertion/prospectus and the amendments thereto and the definitive proxy assertion/prospectus and different paperwork filed in reference to the proposed transaction, as these supplies will comprise necessary details about HUB, RNER and the proposed transaction.
When accessible, the definitive proxy assertion/prospectus and different related supplies for the proposed transaction will probably be mailed to stockholders of RNER as of a document date to be established for voting on the proposed transaction. Stockholders will even have the ability to acquire copies of the preliminary proxy assertion/prospectus, the definitive proxy assertion/prospectus and different paperwork filed with the SEC, with out cost, as soon as accessible, by way of the web site maintained by the SEC at www.sec.gov.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
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