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HUB Cyber Security (Mount Rainier Acquisition) Priced, Nasdaq: HUBC

Blank check company targeting established tech-focused businesses (completed 2/28/2023).

Industry: SPAC

Latest Trade: $0.95 -0.03 (-3.2%)

First Day Return: +0.5%

Return from IPO: -90.2%

Industry: SPAC

We are a blank check company. While we may pursue an initial business combination target in any industry or geographic region, we intend to focus on established, technology focused businesses that have an aggregate enterprise value of approximately $500 million to $2.0 billion and would benefit from access to public markets and the operational and strategic expertise of our management team and board of directors. We will seek to capitalize on the significant experience of our management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for our shareholders. Our management team is led by Matthew Kearney, our Chairman of the Board and Chief Executive Officer and Young Cho, our Chief Financial Officer who have extensive experience as private equity investors and as C-level executives in a variety of industries including media, financial institutions, and fintech. Our management team’s objective is to generate attractive returns and create value for our shareholders by applying a disciplined strategy of identifying attractive investment opportunities that could benefit from the addition of capital, liquidity, and management expertise.
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IPO Data
IPO File Date 06/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/04/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
A.G.P.
Brookline Capital Markets
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees 2

HUB Cyber Security (Mount Rainier Acquisition) (HUBC) Performance