Oppenheimer & Co. Inc reached an agreement with an Israeli cybersecurity firm over allegations it failed to pay the investment bank $12 million for its services.
Hub Cyber Security retained Oppenheimer to receive “investment banking services and advice” relating to a potential sale to a SPAC, the bank’s complaint filed in the US District Court for the Southern District of New York had said.
When Hub did merge with non-party Mount Rainier Acquisition Corp, the cybersecurity firm allegedly failed to pay a reduced sum of the $12 million that it negotiated days prior, leading Oppenheimer to sue for breach of ...
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