Key Highlights:

  • Hub Cyber Security shares fell 21.17% to $0.1590 in the regular session on October 23, 2026.
  • A 1-for-25 reverse share split took effect on September 14, 2026, cutting shares outstanding from 44,895,531 to 1,795,821.
  • A 1-for-20 reverse split in June 2026 had already cut the share count from 66,603,152 to about 3,330,157.
  • Revenue for 2025 reached $31.66 million, up from $29.56 million, against a net loss of $119.79 million.
  • The company disclosed a Nasdaq notice dated September 23, 2026, over a market value requirement.

Penny Stock Slide: Why Is Hub Cyber Security Down 21% on October 23, 2026?

Hub Cyber Security (NASDAQ:HUBC) shares fell 21.17% to $0.1590 on Friday, October 23, 2026, during the regular session. The company has not announced a catalyst for the move, and no results, financing or contract news appeared in its releases this week.

The prior close was $0.2017, according to a quote page.

Hub Cyber Security is an Israel-based cybersecurity group that sells confidential computing and data protection technology to government and enterprise customers. At the current price and a share count of about 1.80 million, its market capitalization is roughly $0.28 million (calculated).

Reverse Splits: How Much Has the Share Count Changed in 2026?

The company announced a 1-for-20 reverse share split on June 3, 2026, effective for trading on June 8. That step reduced shares outstanding from 66,603,152 to about 3,330,157, and it was aimed at meeting the Nasdaq minimum bid price requirement.

On September 10, 2026, it announced a second reverse split, at 1-for-25, which became effective for trading on September 14. Shares outstanding fell from 44,895,531 to 1,795,821 after fractional shares were rounded down.

Between the two splits, the share count rose from about 3.33 million to 44.90 million, roughly 13.5 times (calculated). That increase points to heavy share issuance during the summer.

Nasdaq Notice: Is Compliance Still an Open Question?

On September 25, 2026, the company disclosed a letter dated September 23 stating that it is not in compliance with the Nasdaq requirement on the market value of listed securities. The company has not announced a compliance plan.

The notice followed a more favourable update on August 3, 2026, when the company said it had regained full compliance with Nasdaq requirements. That earlier issue related to a delayed annual report on Form 20-F.

On October 13, 2026, the company appointed two new directors, both securities and capital markets lawyers with experience on U.S.-listed company boards.

Financial Position: What Do the Latest Results and Deals Show?

Revenue for 2025 was $31.66 million, up 7.1% from $29.56 million a year earlier. Net loss was $119.79 million, which a quote page describes as 201.3% worse than in 2024. The Form 20-F was filed on July 17, 2026.

On August 4, 2026, the company agreed to sell its QPoint Group unit to Malam Team Group for about $8.7 million. On July 1, 2026, it acquired certain convertible notes issued by a pharmaceutical company for no cash.

The chief executive resigned on March 31, 2026, and the company announced a leadership transition.

What to Watch Next: Can Hub Cyber Security Address the Nasdaq Notice?

The October 23, 2026 decline comes with no stated trigger, so the stock's direction rests on how the company responds to the September 23 market value notice and whether further share issuance follows two reverse splits in four months. No dated event is scheduled.

The shares fell 21.17% to $0.1590, and the company has not announced a catalyst for the move.

It completed a 1-for-20 split effective June 8 and a 1-for-25 split effective September 14.

A letter dated September 23, 2026, stated the company is not in compliance with the requirement on the market value of listed securities.