HUB Cyber Security agrees to sell QPoint Group to Malam Team for about US $8.7 million
HUBC•Deal terms and closing conditions
The 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.
HUB Cyber Security agrees to sell QPoint Group
HUB Cyber Security agreed to sell the QPoint Group to Malam Team Group for about USD 8.7 million.
The price is tied to performance, set at twice QPoint’s agreed 2025 gross profit, implying about USD 4.3 million gross profit.
