HUB Security names Hugo Goldman Chief Financial Officer

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Eyal Moshe, CEO of HUB Security: “As we approach the NASDAQ listing, Hugo will be a valuable addition to our team. His NASDAQ and international M&A experience will allow us to take HUB to the next level.”

TEL AVIV, Israel , July 3, 2022 /PRNewswire/ — HUB Cyber ​​Security (Israel) Limited (TASE: HUB ), a developer of Confidential Computing cybersecurity solutions and services (“HUB” or the “Company”), announced today Hugo Goldman, CPA, will join the company as the company’s Chief Financial Officer (CFO).

Hugo Goldman, Chief Financial Officer, HUB Security (PRNewsfoto/Hub Security)

Goldman has more than 20 years of global management and operations experience as CFO of public companies including Retalix which was acquired by NCR, Syneron Candela and Vocaltec. Goldman has a proven track record of leading successful IPOs and M&As, which will be invaluable as HUB Security prepares for its upcoming NASDAQ SPAC merger.

Goldman holds a bachelor’s degree in accounting and economics from Tel-Aviv University and a master’s degree with honors from the University of Bradford in Yorkshire, United Kingdom.

About HUB Cyber ​​Security (Israel) Limited

HUB Cyber ​​​​Security (Israel) Limited (“HUB”) was founded in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israel Defense Forces. The company specializes in unique cybersecurity solutions that protect sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level, while also introducing a new set of data theft prevention solutions. HUB operates in over 30 countries and offers innovative cyber security computing devices as well as a wide range of cyber security services worldwide.

About Mount Rainier Acquisition Corp.

Mount Rainier Acquisition Corp. is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies.

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Forward-looking statements

Certain statements included in this press release are not historical facts, but are forward-looking statements for purposes of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally refer to future events or HUB’s or RNER’s future financial or operational performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “would,” “appears,” “expects,” “intends,” “will,” “estimate,” “anticipate ” ,” “believe,” “future,” “anticipate,” “potential,” “anticipate” or “continue,” or the negatives of these terms or variations thereof or similar terminology, but the absence of these words does not mean that the statement is not forward-looking. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

These forward-looking statements are based on estimates and assumptions that, while believed to be reasonable by HUB and its management, and RNER and its management, as the case may be, are inherently uncertain. These forward-looking statements are made for illustrative purposes only and are not intended to serve as a guarantee, warranty, prediction or definitive statement of fact or probability, and should not be relied upon by any investor. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of HUB or RNER. Factors that could cause actual results to differ materially from current expectations include, but are not limited to: (i) expectations regarding HUB’s strategies and future financial performance, including its future business plans or objectives, future performance and opportunities and competitors; , revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures and HUB’s ability to invest in growth initiatives and pursue acquisition opportunities; (ii) the occurrence of any event, change or other circumstance that could lead to the termination of negotiations and any subsequent definitive agreements relating to the proposed transactions; (iii) the outcome of any legal proceedings that may be brought against RNER, HUB, the Combined Company or others following the announcement of the proposed transactions and any definitive agreements in connection therewith; (iv) the inability to consummate the proposed transactions due to, among other things, the failure to obtain RNER or HUB stockholder approval, to obtain certain governmental and regulatory approvals or to satisfy other closing conditions, including delays in obtaining them; adverse conditions contained in, or the inability to obtain, the necessary regulatory approvals or complete regulatory reviews required to complete the proposed transactions; (v) impossibility of obtaining the necessary funds for the realization of the proposed transactions; (vi) changes to the proposed structure of the proposed transactions that may be necessary or appropriate as a result of applicable laws or regulations or as a condition of obtaining regulatory approval for the proposed transactions; (vii) ability to meet stock exchange listing standards following completion of the proposed transactions; (viii) the risk that the announcement and completion of the proposed transactions may disrupt HUB’s ongoing plans and operations; (ix) lack of third party judgment in determining whether or not to consummate the proposed transactions; (x) the ability to recognize the expected benefits of the proposed transactions, which may be affected by, among other things, competition, the Combined Company’s ability to grow and profitably manage growth, maintain relationships with customers and suppliers and retain its management and key employees; (xi) costs related to the proposed transactions; (xii) that the amount of any redemptions by existing holders of RNER common stock is greater than expected; (xiii) limited liquidity and trading of securities of RNER and HUB; (xiv) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (xv) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (xvi) the possibility that RNER, HUB or the combined company may be adversely affected by other economic, business and/or competitive factors; (xvii) inaccuracies for any reason in cost and profitability estimates and projected financial information for HUB; and (xviii) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” in RNER’s final prospectus relating to its initial public offering dated October 4, 2021.

Forward-looking statements speak only as of the date they are made. Nothing in this press release should be considered a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the anticipated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Neither HUB nor RNER undertakes any obligation to update these forward-looking statements.

Additional information about the transaction and where to find it

In connection with the proposed transaction, HUB intends to file with the SEC a registration statement on Form F-4 containing a proxy statement/prospectus, and after the SEC declares the registration statement effective, RNER will mail the final proxy statement/prospectus. relating to the Proposed Business Combination to its shareholders. This press release does not contain all the information that should be considered in connection with the proposed transaction and is not intended to form the basis of any investment decision or any other decision in connection with the proposed transaction. This press release is not a substitute for a registration statement or any other document that HUB or RNER may file with the SEC in connection with the proposed transaction. Investors and security holders are advised to read, when available, the preliminary proxy statement/prospectus and its amendments and the final proxy statement/prospectus and other documents filed in connection with the proposed transaction, as these materials will contain important information about HUB, RNER and the proposed transaction.

When available, the definitive proxy statement/prospectus and other relevant materials for the proposed transaction will be sent to RNER shareholders as of the record date to be established for voting on the proposed transaction. Stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, free of charge, when available, through the website maintained by the SEC at www.sec.gov.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ SEC RELATED DOCUMENTS CAREFULLY AND IN ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.

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HUB Security Logo (PRNewsfoto/HUB Security)

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SOURCE Hub Security

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