A-Labs commits to an irrevocable $20 million PIPE investment in HUB Cybersecurity at $10 per share
Will retain commitment despite change of LP investors
Tel-Aviv, Israel – TheNewswire - March 9th, 2023, - A-Labs Advisory & Finance Ltd. (TSXV:ALAB.P) (“A-Labs” or the “Company”), an innovative advisory and investment banking service provider, have committed to a USD 20 million PIPE investment at USD 10 per share in HUB Cybersecurity (NASDAQ:HUBC) (“HUB”) despite the pull-out of LP investors from its original PIPE commitment.
A-Labs has provided an irrevocable letter of commitment to HUB’s board of directors to provide the PIPE investment at $10 per share.
Doron Cohen, A-Labs CEO and Managing Partner commented: ”These are turbulent and unstable times in capital markets. Investors are worried about market uncertainties and future valuations and as a result, change their investment strategy and even pull-out from existing commitments.
A-Labs remains committed despite the market conditions as we firmly believe in HUB’s game-changing Confidential Computing cyber technology and its strong business prospects for 2023 and beyond.”
About A-Labs Advisory & Finance Ltd.
A-Labs is an innovative advisory and investment banking firm with a unique hands-on approach to building companies to reach their highest potential and raising funds to execute on their business plans. A-Labs focuses on game-changing companies within its portfolio and provides a vertically integrated service to its clientele that includes full corporate advisory, marketing and branding services, business model and financial optimization, strategic planning, fund raising at pre-IPO and IPO levels, M&A services, after-market support and corporate governance, secondary and follow-on financing. www.alabs.co
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A-Labs advisory & Finance Ltd.
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