09:48 AM EST, 11/29/2024 (MT Newswires) -- Hub Cyber Security ( HUBC ) said Friday it reached an agreement with AGP to decrease by 70% its $5.7 million convertible note obligations via an amicably negotiated settlement.

The company also said it obtained an additional $1 million investment from an investor who had previously invested $10 million.

Hub Cyber Security ( HUBC ) also said it is seeking to refinance $7.5 million of debt into a long-term settlement.

The company's shares were rising 6.9% in recent trading.

Price: 0.55, Change: +0.04, Percent Change: +6.93