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Tuesday, February 28, 2023

Equity Corporate Actions Alert #2023 - 124
Information Regarding the Business Combination of Mount Rainier Acquisition Corp. (RNER/W/U) and Hub Cyber Security Ltd.

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  • Industry Announcement

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The business combination of Mount Rainier Acquisition Corp. (RNER/W/U) and Hub Cyber Security Ltd. closed today, Tuesday, February 28, 2023. As a result of the business combination, the common stock, warrant, and unit of Mount Rainier Acquisition Corp. (RNER/W/U) will be suspended from trading. The suspension details are as follows:

Company Name/Issue: Mount Rainier Acquisition Corp. Common Stock
CUSIP#: 623006103
Symbol: RNER
Last Trading Date: February 28, 2023
Marketplace Effective Date for Suspension: March 1, 2023
Merger Consideration: 0.899 of a Hub Cyber Security Ltd. A Ordinary share (HUBC) for each share held.
Company Name/Issue: Mount Rainier Acquisition Corp. Warrant
CUSIP#: 623006111
Symbol: RNERW
Last Trading Date: February 28, 2023
Marketplace Effective Date for Suspension: March 1, 2023
Merger Consideration: 0.899 of a Hub Cyber Security Ltd. Warrant (HUBCW) for each share held.
Company Name/Issue: Mount Rainier Acquisition Corp. Unit
CUSIP#: 623006202
Symbol: RNERU
Last Trading Date: February 28, 2023
Marketplace Effective Date for Suspension: March 1, 2023
Merger Consideration: Unit will separate into its components.

As a result of the merger the combined company will list the common stock (HUBC) and one of the warrants (HUBCZ) on the Nasdaq Global Market and the additional warrant (HUBCW) on the Capital Market. The details are as follows:

Company: Hub Cyber Security Ltd. Ordinary Shares
CUSIP#: M6000J101
Symbol: HUBC
Marketplace Effective Date: March 1, 2023

Company: Hub Cyber Security Ltd. Warrant expiring 8/22/23
CUSIP#: M6000J119
Symbol: HUBCZ
Marketplace Effective Date: March 1, 2023

Company: Hub Cyber Security Ltd. Warrant expiring 2/27/28
CUSIP#: M6000J127
Symbol: HUBCW
Marketplace Effective Date: March 1, 2023

If you would like to register as a market maker in HUBC, HUBCW & HUBCZ contact Nasdaq Trading Services at +1 212 231 5100.


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