HUB Cyber Security and Mount Rainier Acquisition completed their business combination. HUB began trading today on the Nasdaq with shares and two series of warrants listing under the ticker symbols HUBC, HUBCW and HUBCZ.
HUB’s move to the Nasdaq follows the company’s delisting of its ordinary shares and warrants from the Tel Aviv Stock Exchange.
The SPAC’s shareholders approved the deal in January. While total redemptions were about 99.7% of shares outstanding, a PIPE supporting the deal was enough to cover the minimum cash closing condition.
A-Labs Advisory & Finance and Oppenheimer & Co. were financial advisors to HUB. Latham & Watkins served as legal advisor to HUB. A.G.P./Alliance Global Partners was the exclusive financial advisor to Mount Rainer, and Loeb & Loeb and Sullivan & Worcester (in Tel Aviv) were legal advisors. Read more.
