HUB Cyber Security Ltd. announced that it has finished a comprehensive debt restructuring that eliminated its legacy obligations to OppCo and retired large portions of its AGP, Julestar and Dominion Capital debt. The company also converted more than half of its secured debt to Gottdiener into unsecured convertible notes, thereby reducing its overall debt burden and removing covenants that had constrained growth.
The restructuring removed a significant amount of legacy debt and converted a substantial portion of the company’s secured exposure to Gottdiener. While the exact dollar amounts were not disclosed, the company confirmed that more than 75% of its legacy obligations were eliminated and that the majority of the AGP, Julestar and Dominion Capital debt was retired. The conversion of secured debt to unsecured convertible notes also lessened the company’s interest‑paying obligations and freed up capital for future investment.
The financial impact of the restructuring is clear: interest expense has fallen, liquidity has improved, and the balance sheet is now more resilient. With the removal of restrictive covenants, HUB can pursue larger, long‑term contracts with Tier‑1 financial institutions and government agencies without the drag of legacy debt. The company’s management believes the new capital structure will support infrastructure‑scale growth and enable a shift toward higher‑margin software solutions, particularly its Secured Data Fabric platform.
CEO Noah Hershcoviz described the restructuring as a “fundamental reset” that establishes a durable capital structure. He emphasized that the company is now better positioned to execute on expanding commercial opportunities, especially as regulated industries face increasing security and compliance demands. The move also signals a strategic pivot toward high‑margin software, a shift that has already begun to improve gross margins in recent periods.
HUB will file its interim financial results next week and will announce the date for an upcoming business‑update earnings call. The company’s leadership remains confident that the strengthened balance sheet will underpin continued product development and market expansion, particularly in the U.S. and European regulated sectors.
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