#United States #New York #Glancy Prongay #Settlement #Hub Cyber Security

Settlement Proposal Announcement for Hub Cyber Security Ltd.

On January 26, 2026, Glancy Prongay & Murray LLP unveiled that the United States District Court for the Southern District of New York has endorsed a proposed settlement benefiting investors who bought shares of Hub Cyber Security Ltd. (NASDAQ: HUBC) between March 1, 2023, and July 31, 2023. This announcement outlines crucial details every affected investor needs to know.

Overview of the Settlement

The proposed settlement entails a cash amount of $11,000,000 meant to rectify claims from investors impacted during the stated period. The litigation, labeled as IN RE HUB CYBER SECURITY LTD. (Master File No. 123-CV-05764-AS), has transformed into a class action, settling claims against the company.

Participation in the Settlement

Entitled individuals include those who purchased Hub’s common stock within the specified timeline and endured financial losses. If you belong to this Settlement Class, your rights in the ongoing action and the potential settlement you might be eligible for are of great significance.

Next Steps for Investors

1. Claim Form Submission: To qualify for a share of the settlement fund, individuals must submit a Claim Form, which can be found online at Hub Securities Settlement. This form needs to be completed and sent by mail or submitted online by May 13, 2026.
2. Exclusion Options: Investors wishing to opt-out of the settlement must submit an exclusion request by June 1, 2026. Proper exclusion means you won’t be bound by any future judgments related to this case, but it also nullifies your eligibility to receive any settlement proceeds.
3. Objections: Should any individual have objections to the proposed settlement or the related attorney fees, these must be filed with the Court and relevant parties by June 8, 2026.

Hearing Date

A fairness hearing is scheduled for June 29, 2026, at 11:00 a.m. in Room 15A of the Daniel Patrick Moynihan United States Courthouse in New York. The hearing will focus on:

• - Whether the settlement is fair, reasonable, and adequate.
• - The dismissal of the action against the defendants with prejudice.
• - The approval of the Plan of Allocation.
• - The request for attorney fees and reimbursement of expenses.

Additional Information

As noted, to retrieve the Notice and Claim Form, please visit the Claims Administrator’s website or contact them directly:

• - Mail: In Re Hub Cyber Security Ltd. Securities Litigation, c/o Strategic Claims Services, 600 N. Jackson St., Suite 205, Media, PA 19063.
• - Phone: (866) 274-4004
• - Email: [email protected]

Investors holding shares of Hub Cyber Security within the defined time frame should take these developments seriously as they could potentially translate into financial remuneration for those affected. Ensuring timely submissions and understanding your rights will be significant in navigating this settlement process thoroughly.