HUB Cyber Security agrees to sell QPoint Group to Malam Team for about US $8.7 million

Reuters2026/08/04 12:16

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

HUB Cyber Security agrees to sell QPoint Group to Malam Team for about US $8.7 million

You may also like

Crypto prices