Monitor for any reverse stock split, capital raise, or strategic transaction that could boost market cap above $35M. The 180-day clock is ticking, and without a catalyst, delisting risk is high.
Price Chart
Executive Summary
Hub Cyber Security disclosed receipt of a Nasdaq deficiency letter for failing to maintain the $35 million minimum Market Value of Listed Securities (MVLS) requirement. The company has 180 days (until March 22, 2027) to regain compliance, but given its severe financial distress—including a going-concern qualification, $119.8M net loss, and only $1.8M cash per the recent 20-F—the risk of eventual delisting is elevated.
Key Facts
- Received Nasdaq deficiency letter on September 23, 2026 for MVLS below $35 million minimum.
- Compliance period ends March 22, 2027; must close at $35M+ for 10 consecutive business days to regain compliance.
- Company has a going-concern qualification, $119.8M net loss in FY2025, and only $1.8M cash per the 20-F filed July 17, 2026.
- Failure to regain compliance could lead to delisting from Nasdaq Capital Market.
Financial Impact
Potential delisting would severely impair liquidity and access to capital markets for a company already in distress with $1.8M cash and $119.8M net loss.
Risk Factors
- Failure to regain MVLS compliance by March 22, 2027 could lead to Nasdaq delisting.
- Company's severe financial distress (going concern, minimal cash, large losses) makes compliance difficult.
- Potential for further dilution if the company attempts a reverse split or equity offering to boost market cap.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001213900-26-103684 |
| Document: ea030678701ex99-1.htm | 0001213900-26-103684 |
| Document: 0001213900-26-103684-index-headers.html | 0001213900-26-103684 |
| Document: 0001213900-26-103684-index.html | 0001213900-26-103684 |
| Document: 0001213900-26-103684.txt | 0001213900-26-103684 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 6-K | $0.3790 | awaiting T+20 | — | $0.1500 (−60.42%) |
Sep 28, 2026 29d ago | 6-K | $1.49 $0.1500 | ▲ +89.93% | ▲ +89.90% | $0.1500 (+89.93%) |
Aug 4, 2026 12w ago | 6-K | $1.03 | awaiting T+20 | — | $0.1500 (+85.44%) |
Aug 3, 2026 12w ago | 6-K | $26.00 $18.45 | ▼ −29.04% | ▼ −30.28% | $0.1500 (−99.42%) |
Jul 17, 2026 14w ago | 20-F | $1.15 $0.7375 | ▲ +35.87% | ▲ +39.99% | $0.1500 (+86.96%) |
Jul 17, 2026 14w ago | Court Ruling | $1.15 $0.7375 | ▲ +35.87% | ▲ +39.99% | $0.1500 (+86.96%) |
Jul 1, 2026 16w ago | 6-K | $1.49 $1.03 | ▲ +30.87% | ▲ +30.33% | $0.1500 (+89.93%) |
Apr 16, 2026 27w ago | Press Release | $9.15 $0.1470 | ▼ −98.39% | ▼ −104.21% | $0.1500 (−98.36%) |
US Market Status
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