Aug. 5 at 11:16 PM
$HUBC Correct. SMH yet the Nasdaq allowed the shares acquired by debt holders of Evofem to count toward the market cap though they haven't been sold yet and 94% of the 10.3 million shares are prefunded warrants priced at
$0.001 a share. So now HUB Cyber Security has rights to convert that Evofem debt and rights to purchase Evofem
$EVFM but who cares. Evofem is a shite OTC company trading below a penny, with a ton of debt otherwise and posting a 5.5 million net loss for Q1 2026. 🙄
https://www.sec.gov/Archives/edgar/data/1905660/000121390026084887/ea0299062-6k_hubcyber.htm
590,107 ordinary shares priced at
$1.50 would be
$885,161.
9,543,226 Pre-Funded Warrants priced at
$0.001 total
$9543 and they are cashless.
$894,704 / 10,133,333 shares =
$0.088 a share conversion basis price.
The Company has agreed to call a shareholders’ meeting to approve the full exercise of the Pre-Funded Warrants issued under the SPA and any necessary increase in the Company’s authorized share capital. Upon receipt of such shareholder approval, the Beneficial Ownership...