HUBC · HUB Cyber Security Ltd.

HUB Cyber Security Ltd. disclosed conversions of approximately $2.68 million in principal amount of previously issued convertible notes into 41.45 million ordinary shares during the period from April 1 to April 13, 2026. This activity was prompted by recent significant upward movement in the company's share price, enabling noteholders to elect conversion at prices linked to prevailing market levels. The issuances were executed without registration under the Securities Act, relying on exemptions provided by Regulation S for offshore offerings, Section 4(a)(2) for private placements, and/or Regulation D for sales to accredited investors. Post-conversions, the company's fully diluted ordinary share count stands at 60,162,494, representing substantial dilution for existing shareholders. Investors should note this increases the public float and may impact per-share metrics in future reports, while signaling confidence from noteholders in the company's prospects amid the price surge.