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Latham & Watkins Advises HUB on de-SPAC Business Combination with Mount Rainier Acquisition Corp.

March 2, 2023
A multidisciplinary deal team represents the developer of Confidential Computing cybersecurity solutions and services on its Nasdaq listing.

Latham & Watkins advised HUB Cyber Security Ltd. (HUB), a developer of Confidential Computing cybersecurity solutions and services, on the completion of its business combination with Mount Rainier Acquisition Corp. The combined company will operate as Hub Cyber Security Ltd., and begun trading on the Nasdaq Stock Market on March 1, 2023, under the ticker “HUBC”. HUB’s move to the Nasdaq follows the company’s delisting of its ordinary shares and warrants from the Tel Aviv Stock Exchange.

The Latham team was led by London/Tel Aviv capital markets partner Josh Kiernan and counsel Michael Rosenberg, with associates Yolanda Min, N. Danny Shulman, and Ben Bussmann. Advice on M&A matters was provided by Houston partner Ryan Lynch, with associates Denny Lee, Sarah Dunn, and Hayley Sandoval; on tax matters by Washington, D.C. partner Nick DeNovio, with associates Pierce Pandolph and Eni Kassim; on public company representation matters by New York associate Shahar Gonen; on employment & benefits matters by Washington, D.C. partner Adam Kestenbaum, with associate Ashlie Lawton; on data privacy matters by London partner Gail Crawford, with associates Calum Docherty and Ben Leigh; on ESG matters by London partner Paul Davies and counsel Michael Green, with associate James Bee; on sanctions matters by London partner Charles Claypoole, Washington, D.C. partner Les Carnegie, and counsel Andrew Galdes, with associates Thomas Lane and Julie Choi Shin; and on compliance matters by London partner Nathan Seltzer, with associate Christopher Ting.