HUB Security to list on TASE through ALD merger
HUB Security to list on TASE through ALD merger ALD is a software and consultancy firm while HUB is a cybersecurity company. Israeli cybersecurity company HUB Security is to list on the Tel Aviv Stock Exchange (TASE) through the 'back door' by merging with an existing company Advanced Logistics Development (ALD). The merger will be at a company valuation of $105 million pre-money and $145 million after the capital is raised and after the merger is completed. The capital raising will include $40 million from institutional investors while $10 million in shares will be purchased from Zigmund Blu...
Source: globes.co.il