LOS ANGELES, CA / ACCESSWIRE / September 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against HUB Cyber Security (Israel) Ltd. ("HUB" or "the Company") (NASDAQ:HUBC) for violations of the federal securities laws.
Investors who purchased purchased or otherwise acquired HUB stock in exchange for shares of Hub Cyber Security (Israel) Ltd. ("Legacy HUB") in connection with the Legacy HUB's merger (the "Merger") with Mount Rainier Acquisition Corp. ("Mount Rainier"), Mount Rainier investors who acquired the Company's securities pursuant and/or traceable to the registration statement and proxy statement/prospectus (collectively, the "Offering Documents") issued in connection with the Merger, and/or persons and entities that purchased or otherwise acquired Mount Rainier or U.S.-listed HUB securities between March 23, 2022 and June 13, 2023, both dates inclusive (the "Class Period"). are encouraged to contact the firm before October 16, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Legacy HUB's prospectus and other materials related to the Merger concealed material facts from investors. Shareholders were encouraged to vote in favor of the Merger and to exchange their shares in Legacy HUB for shares in the Company based on this defective prospectus and other public statements. Based on these facts, the Company's public statements and materials were false and materially misleading throughout the merger period. When the market learned the truth about HUB, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm