Whereas September proved to be one of the worst months in the history of equities markets, the volatility and ongoing uncertainty October has delivered thus far has been little reprieve. One outperformer amidst all of the red is Hub Security (TASE: HUB), a confidential computing and cyber security disruptor that is going public on NASDAQ via SPAC merger with RNER...
Despite the market's emergent rally in July, 2022 has been a punishing year for tech equities worldwide. Recent Q2 earning from megacap tech players in the US deepen concerns about diminishing margins and slowed hiring moving into Q3/4 and beyond. YTD, Nasdaq is down -21%, and unerperformed the DOW, S&P500, and Russell2000. One sector with more bullish...
2022 has proven a volatile year for HUB Security investors, and not for the reasons dragging down the tech industry at large. Back in March '22, HUB (now listed on TASE) announced the closure of a SPAC agreement with RNER for a Q3/4 NASDAQ listing. After an astronomical rise to over 900ILA from ~380ILA at the start of the year, the stock took a nosedive to a YTD...
2022 has been quite the ride for Hub Security (TASE: HUB). In late January, the company announced its intention to pursue a NASDAQ listing via an unnamed SPAC merger. Further details were released on March 23rd, when HUB announced a definitive SPAC merger with RNER for a Q2/3 '22 listing on NASDAQ at a $1.3B valuation. Significantly, this market cap represents a...