A-labs in need is A-Labs V indeed?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.
https://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").
A-Labs Capital V Corp is a capital pool company.
$0.05 0.03 | 150.00% Bid: 0.03 x 50000 Ask: 0.08 x 10000 Volume: 5,000
CADTSX VENTURE EXCHANGEDELAYED PRICEMARKET CLOSEDMAY 11, 2023 2:03 PMEDT