Why Is HUB Cyber Security (HUBC) Stock Up 55% Today?
HUB Cyber Security .(HUBC) InvestorPlace·2024-04-05 23:28
Hub Cyber Security (NASDAQ:HUBC) stock is rising higher on Friday after the cyber security solutions company secured $8 million in financing.This comes from a straight debt arrangement. It intends to use the funds gained from this to fuel its growth, enhance working capital and fulfill obligations to creditors. The company says this allows it to maintain financial responsibilities while expanding operations.Hub Cyber Security CEO Noah Hershcoviz said the following about the new financing.“Securing this fina ...