It remains true that there is a lot of positive news from Israel’s economy, even if the current business media likes to write down Israel’s economy because of the new Israeli government. The fact is, the global economy is currently having a problem due to the warmongering of Russia, Iran and other dictatorships. Against this background, Israel is doing extremely well.
HUB Cyber Security (Israel) Limited (TASE: HUB), a developer of confidential computing cybersecurity solutions and services (“HUB” or the “Company”), announced today the fulfillment (or waiver) of all conditions precedent for the merger with the Nasdaq-listed SPAC Mount Rainier (Nasdaq:RNER).
In accordance with the Company’s commitment to TASE publish a report at least ten (10) trading days prior to the date of the delisting from the Tel-Aviv Stock Exchange, the Company hereby reports that all the preconditions have been met (or otherwise have been waived by the parties), so that the completion of the merger transaction is, in fact, subject only to the absence of a legal impediment and that there are more than ten trading days left on the TASE, prior to the date of delisting, and the beginning of trading on Nasdaq.
About HUB Cyber Security (Israel) Limited
HUB Cyber Security (Israel) Limited (“HUB”) was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces. The company specializes in unique Cyber Security solutions protecting sensitive commercial and government information.
The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.
Mount Rainier Acquisition Corp. is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.