What is the “In Re Hub Cyber Security Ltd. Securities Litigation” settlement about?

An $11 million fund resolving claims that Hub Cyber Security Ltd. and others misled investors in connection with its SPAC merger and subsequent trading period.

Am I automatically included?

You are included if you held shares that converted to HUBC on March 1 2023 or bought HUBC stock between March 1 and July 31 2023, unless you opt out.

How much could I receive?

The average pre-fee recovery is estimated at $0.12 per eligible share, but payments will vary based on your trading history and the number of valid claims.

How do I file a claim?

Submit the online form or mail the paper proof of claim by May 13 2026 using the links and instructions on the official settlement website.

Can I object or opt out?

Yes. Send a written exclusion by June 1 2026 to opt out, or file an objection by June 8 2026 if you stay in the class but oppose the terms.

In Re Hub Cyber Security Ltd. Securities Litigation

If you held Mount Rainier/Legacy Hub shares that converted to Hub Cyber Security Ltd. (“HUBC”) stock on or about March 1 2023, or bought HUBC shares on the open market from March 1 2023 through July 31 2023, you could receive money from an $11 million securities class action settlement. File Your Claim Online

Who Is Included?

Investors whose Mount Rainier Acquisition Corp. or Legacy Hub shares were converted into HUBC on or about March 1 2023.
Anyone who purchased HUBC common stock on the Nasdaq Capital Market between March 1 2023 and July 31 2023, inclusive, and was damaged.

Settlement Snapshot

Total fund: $11,000,000 in cash.
Estimated average recovery before fees: $0.12 per eligible share.
Attorneys’ fees request: up to 33⅓ % of the fund plus up to $205,000 in expenses (≈ $0.04 per share).

Key Deadlines

Claim form postmarked/submitted: May 13 2026
Exclusion request: June 1 2026
Objection deadline: June 8 2026
Final approval hearing: June 29 2026 at 11:00 a.m. ET (S.D.N.Y.)

How to Claim Your Share

Gather records of your HUBC transactions and holdings.
Complete the secure claim form online or download and mail it.
Submit before the May 13 2026 deadline to remain eligible for payment.

Start Your Claim Now

Important Documents

You can review the full Notice of Settlement and other filings on the official settlement site.

Settlement Website

Download Postcard Notice (PDF)

Allegations at a Glance

Plaintiffs claim Hub Cyber Security Ltd. and certain executives violated federal securities laws by misrepresenting:

Whether investors in a $50 million PIPE financing were actually committed.
The strength of internal controls amid undisclosed insider embezzlement.
Legacy Hub’s business readiness, product maturity and cash position.

Defendants deny all wrongdoing but agreed to settle to avoid the cost and uncertainty of continued litigation.

Frequently Asked Questions

What is the “In Re Hub Cyber Security Ltd. Securities Litigation” settlement about?: An $11 million fund resolving claims that Hub Cyber Security Ltd. and others misled investors in connection with its SPAC merger and subsequent trading period.
Am I automatically included?: You are included if you held shares that converted to HUBC on March 1 2023 or bought HUBC stock between March 1 and July 31 2023, unless you opt out.
How much could I receive?: The average pre-fee recovery is estimated at $0.12 per eligible share, but payments will vary based on your trading history and the number of valid claims.
How do I file a claim?: Submit the online form or mail the paper proof of claim by May 13 2026 using the links and instructions on the official settlement website.
Can I object or opt out?: Yes. Send a written exclusion by June 1 2026 to opt out, or file an objection by June 8 2026 if you stay in the class but oppose the terms.

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