Israeli authority approves QPoint sale; creditor court hearing set for November 1
The Israeli Competition Authority approved the QPoint Sale on October 14, 2026, fulfilling one of the main closing conditions. The secured creditor filed a court application, consented to by the Company and the purchasers, to enforce its pledge over the QPoint Group shares and appoint two proposed joint receivers; a hearing is scheduled for November 1, 2026. Sale proceeds are intended to repay substantially all debt owed to the secured creditor but will be insufficient to repay that debt in full, and the sale is...
Key takeaways
Regulatory approval: The Israeli Competition Authority approved the QPoint Sale on October 14, 2026, fulfilling one of the main conditions to closing.
Court process: With the Company's and purchasers' consent, the secured creditor filed an application to enforce its pledge and appoint Adv. Dror Gidron and Adv. Karen Reichbach Segal as joint receivers solely over the pledged shares.
Sale perimeter: HUB agreed to sell 100% of the issued and outstanding share capital of five subsidiaries in the QPoint Group to Martens Computer Consultants Ltd. and Malam Training Ltd.
Debt repayment: Sale proceeds are intended to repay substantially all debt owed to the secured creditor but will be insufficient to repay that debt in full.
Creditor effect: The Company stated it believes the QPoint Sale will not prejudice its other creditors.
Restructuring: The QPoint Sale is part of measures intended to implement a comprehensive restructuring and reduce liabilities to third parties.
Timing: The court hearing is scheduled for November 1, 2026 at 10:00 a.m. Israel time at the District Court of Tel Aviv-Jaffa, Case No. 59179-10-26.
Primary source
TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.
Open SEC filingFollow HUBC in real time
Get material earnings, filing, IR, and earnings-call alerts by email.