HUB Cyber Security agrees to sell QPoint Group to Malam Team for about US $8.7 million
Reuters2026/08/04 12:16- HUB Cyber Security agreed to sell the QPoint Group to Malam Team Group for about USD 8.7 million.
- Price is tied to performance, set at twice QPoint’s agreed 2025 gross profit, implying about USD 4.3 million gross profit.
- Sale is on a cash-free, debt-free basis, with QPoint delivered with a clean closing balance sheet.
- Proceeds are intended to repay substantially all debt secured by the QPoint shares.
- Closing remains subject to third-party consents, Israel Competition Authority clearance, and trustee-held amounts to back indemnities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bernstein: CoreWeave (CRWV.US) may be most affected if AI model development slows down
Bernstein stated that the calls from industry giants to slow down artificial intelligence (AI) model training could negatively impact data center developers and new cloud service providers, with CoreWeave possibly being one of the companies most affected.
Employment Data "Surprises" Support Bank of England to Hold Interest Rates Steady on Thursday
UK employers are laying off workers at the fastest pace in nine months, highlighting the weakness in the country's labor market.
NuWays reiterates Buy on MHP Hotel, cuts price target to EUR 3.5
Crypto prices
More
