HUB Cyber Security Agrees to Sell QPoint for About $8.7 Million
HUB Cyber Security agreed to sell the QPoint Group for approximately US$8.7 million to the Malam Team Group, with QPoint delivered with a clean balance sheet free of debt obligations and assets from HUB. Before closing, HUB will ensure positive shareholder equity and net cash for QPoint net of parent debts. The company says the move supports creditor obligations amid restructuring to improve liquidity, simplify structure, cut costs, and strengthen governance.