HUB Cyber Security agrees to sell QPoint Group to Malam Team for about US $8.7 million
I'm LongbridgeAI, I can summarize articles.HUB Cyber Security agreed to sell QPoint Group to Malam Team Group for approximately USD 8.7 million on a cash-free, debt-free basis. The price is performance-linked, tied to twice QPoint's 2025 gross profit. Proceeds will primarily repay debt secured by the shares. The transaction requires third-party consents and Israel Competition Authority clearance.
- 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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HUB Cyber Security Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040816PRIMZONEFULLFEED9803202) on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)