HUBCHub Cyber Security Ltd. · Nasdaq Capital Market · $174.6K mkt cap
Assessed Sep 16, 2026 · Reassessment
Is the float you're seeing correct?
171.7K
Estimated float

No market-data float was provided, so the float was rebuilt from filings.

Overstated 10.4×
1.79M
Reported float

Data-service feed, fetched today. The number TradingView and most screeners show.

Your screener overstates the float. Trade off 171.7K shares.

Dilution risk9/10EXTREME
CONFIDENCE: LOW

The float your screener shows is overstated 10.4×: 1.79M reported, 171.7K actual. 3 floorless convertible notes and 5 reverse splits can add another 1,343% of the float.

  • Variable-rate convertible notes. Converts at 90% of the lowest 20-day VWAP (Exchange Agreement / Amended Notes), 80% of the 4 lowest VWAPs (Astor), and 95% of the lowest 5-day VWAP (Seven Knots).

  • Rapid share count growth / serial reverse splits. About 97 shares outstanding at 12/31/25 on a fully split-adjusted basis grew to about 1.79M by 8/3/26.

  • Restricted shares unlocking. About 1.62M post-split restricted deal shares (9.4x the legal float) become Rule 144 eligible 6 months after issuance.

From today's float to the ceiling

shares
171.7K
Estimated float
tradeable today
+159.6K can sell now
331.3K
Effective supply
float plus what sells on notice
+3.76M if floors are cut and warrants exercise
4.09M
Fully diluted
ceiling

Where the shares come from

each subtotal is a rung on the ladder above

Tradeable today
171.7K
Can sell now
Warrants in the money, at or near a zero strike
Exercisable at or below the current tape.
+159.6K
Effective supply
331.3K
Converts only if floors are cut
Convertible notes
At the stated conversion prices; a cut to those prices raises the count.
+2.46M
Notes with no conversion price set
Sized in dollars until a price or floor is set; not counted in the ceiling. Includes unfunded commitments, which are capacity rather than outstanding debt.
$14.00M
Above the current price
Warrants out of the money
Struck above the current tape; supply only if the stock rises.
+47
Other, per engine ceiling
Included in the engine's fully-diluted count but not itemised in the filings we parsed.
+1.30M
Fully diluted
4.09M

Not counted anywhere: ATM and shelf capacity. Convertible share counts use stated conversion prices.

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The facts

Price
—
Market cap
$174.6K
Shares outstanding
1.80M
Reported float
1.79M
Avg volume
5.91M
Reverse splits
5 · latest 1-for-25 · Sep 14, 2026
Going concern
Yes · 0.2 quarters runway
Quarterly burn
$7.85M

Market data as of Oct 30, 2026

Key dates

  • Nov 28, 2026 · Keystone $1.5M commitment note converts at market
  • Dec 26, 2026 · Rule 144 six-month mark for June 26 deal shares and pre-funded warrant shares
  • Jan 21, 2027 · Rule 144 six-month mark for July 21 deal shares and PR Capital's 525K vested pre-split shares
  • Feb 20, 2027 · PR Capital engagement term ends; 2.1M pre-split restricted shares vest on an Evofem deal or are forfeited