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New Deal


Announced

HUB Security to go public via a SPAC merger with Mount Rainier Acquisition in a $1.28bn deal.

Financials

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Transaction Value£969m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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De-SPAC

Acquisition

network security

Reverse Takeover

Merger

Single Bidder

Pending

information technology

cyber security

Digital Services

Private

Israel

Friendly

Majority

Cross Border

Synopsis

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HUB Security, a developer of confidential computing cybersecurity solutions, agreed to go public via a SPAC merger with Mount Rainier Acquisition in a $1.28bn deal. "We have a wide range of game-changing cybersecurity hardware technology and services for better global cyber defense. The US is our prime target market for growth and we seek to expand our US operations significantly via this business combination. We are passionate and excited about this opportunity to become publicly listed in the US on Nasdaq and to continue our growth and global expansion," Eyal Moshe, HUB Founder and CEO.

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