A-Labs Reaffirms $20 million PIPE Investment in HUB at $10 per share

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This commitment represents a significant premium to current market price.ALabs has already fulfilled more than 10% (~$2.2 million) of its commitment (as previously announced by the Company on March 14, 2023) and expects to complete the remainder of the funding in the near future.Doron Cohen, Managing Director and CEO of ALabs commented that: "We are intimately familiar with HUB and working closely with its management and board of directors over the past 18 months. A-Labs firmly believes in HUBs potential to become one of the influential companies in the cyber arena over the next years and supports it future growth plans with this funding. We believe their reaffirming of their PIPE commitment is the greatest show of faith in the Companys leadership and it ability to drive future business growth and shareholder value. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide.A-Labs is an innovative advisory and investment banking firm with a unique hands-on approach to building companies to reach their highest potential and raising funds to execute on their business plans. A-Labs focuses on game-changing companies within its portfolio and provides a vertically integrated service to its clientele that includes full corporate advisory, marketing and branding services, business model and financial optimization, strategic planning, fund raising at pre-IPO and IPO levels, M&A services, after-market support and corporate governance, secondary and follow-on financing.This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits of the transaction, and the financial condition, results of operations, earnings outlook and prospects of the combined company.

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