Hub Cyber Security (HUBC) will implement a 1-for-20 reverse stock split on November 13, 2026, accompanied by a CUSIP number change to M6000J408.
A one-for-twenty (1-20) reverse split of HUBC Ordinary Shares becomes effective Friday, November 13, 2026, with a new CUSIP (M6000J408). While the split itself is price-neutral mechanically, companies typically execute such large consolidation ratios to cure listing deficiencies, and the announcement often weighs on the share price and liquidity in the days before and after the effective date.
Hub Cyber Security Ltd. (HUBC) announced a one-for-twenty (1-20) reverse stock split of its ordinary shares, effective Friday, November 13, 2026. In connection with this corporate action, the company will transition to a new CUSIP number, M6000J408.
The article states HUBC will effect a one-for-twenty (1-20) reverse split effective Friday, November 13, 2026, meaning shareholders' share count is divided by twenty with the per-share price proportionally increased; the CUSIP number also changes to M6000J408.
Mechanically no - a 1-for-20 split raises the price per share twentyfold while cutting the number of shares by twenty. However, the article does not state the reason for the split, and reverse splits are often viewed negatively by the market, which can pressure the price.