Hey guys, if you missed it, Hub Cyber Security ($HUBC) settled $11M with investors over claims that it misled the public about its business operations, revenue prospects, and internal controls following its SPAC merger. And, the deadline to file a claim and get payment is May 13, 2026.
In a nutshell, in 2023, the company was accused of misleading investors about its business operations, revenue prospects, and internal controls after completing its SPAC merger. Investors said Hub Cyber exaggerated its financial outlook and failed to disclose internal problems that affected performance.
After this news came out, the stock dropped, and investors filed a lawsuit for their losses.
Now, the good news is that the company agreed to settle $11M with them, and investors have until May 13, 2026, to submit a claim.
So, if you invested in $HUBC when all of this happened, you can check the details and [file your claim here.](https://11th.com/cases/hubcybersecurity-investor-settlement)
Hope this helps!