A-Labs .05 Rabi And Hubc $10/Share Commitmenthttps://ca.finance.yahoo.com/news/12-64-fund-limited-partnership-165300005.html
The Principal Amount will be automatically converted ("Conversion") into ordinary shares of the Company (the "Shares") immediately prior to the completion of specified events (each, a "Conversion Event"). The Principal Amount may be converted by the Acquiror into Shares at the greater of: (i) C$0.05 per Share; or (ii) a 50% discount to: (A) the offering price of securities issued under the financing completed concurrently with a Conversion Event; or (B) if there is no such concurrent financing, the deemed price per Share under a Conversion Event (the "Conversion Price").
https://finance.yahoo.com/news/labs-reaffirms-20-million-pipe-143000815.html
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.