HUB Cyber Security Acquires Certain Senior Subordinated Convertible Notes And Purchase Rights Of Evofem Biosciences In Exchange Solely For H

HUB Cyber Security Ltd. (NASDAQ: HUBC ) (" HUB " or the " Company "), today announced that it has acquired certain senior subordinated convertible notes and purchase rights of Evofem Biosciences, Inc. (OTC: EVFM ) (" Evofem "), funded entirely with HUB equity at no cash cost to the Company. The transaction is the latest step in a broader transformation plan to strengthen HUB’s financial position, streamline operations, enhance governance and build long-term shareholder value. The notes and purchase rights were acquired directly from certain Evofem noteholders in exchange solely for HUB equity securities, consisting of ordinary shares and/or pre-funded warrants. By structuring the deal entirely in equity, HUB preserves its cash position while investing in a strategic business that the Company’s Board of Directors (the " Board ") believes supports its broader repositioning and long-term...