Item 5.07. Submission of Matters to a Vote of Security Holders.

On February 27, 2023 at 3:00 p.m., Eastern Time, Mount Rainier Acquisition Corp. (the "Company") opened the special meeting of its stockholders (the "Special Meeting") at which the stockholders voted as set forth below on the following proposal pursuant to the definitive proxy statement filed by the Company with the Securities and Exchange Commission on February 10, 2023 and mailed by the Company to its stockholders on or about February 10, 2023 (the "Proxy Statement").

On February 2, 2023, the record date for the Special Meeting, there were 7,622,902 shares of common stock of the Company entitled to be voted at the Special Meeting. At the Special Meeting, 4,935,654 shares of common stock of the Company, or 64.75% of the shares entitled to vote at the Special Meeting, were represented in person or by proxy. The final voting results for the sole matter submitted to a vote of the stockholders of the Company at the Special Meeting were as follows:





Adjournment Proposal

Proposal to adjourn the Special Meeting to February 28, 2023 at 3:00 p.m., Eastern Time, was passed with voting results as follows:





                                           BROKER NON-
     FOR         AGAINST      ABSTAIN         VOTES
  4,911,481       24,073         100              0

The Special Meeting will reopen on February 28, 2023 at 3:00 p.m., Eastern Time, via the following remote participation instructions:





                         (877) 853-5257 (US Toll Free)

                         (888) 475-4499 (US Toll Free)



       International numbers available: https://loeb.zoom.us/u/adv66rBl7u



                          Conference ID: 587 621 6464

See the Proxy Statement for additional information about the Special Meeting.











Forward-Looking Statements

This Current Report on Form 8-K and the attachments hereto contain forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the parties' ability to close the proposed business combination between the Company and Hub Cyber Security Ltd., a company organized under the laws of the State of Israel ("HUB Security"), pursuant to a Business Combination Agreement, dated March 22, 2022 (as amended, the "Business Combination Agreement"), the anticipated benefits of the proposed transaction, and the financial condition, results of operations, earnings outlook and prospects of the Company and/or HUB Security, and may include statements for the period following the consummation of the proposed transaction. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "future," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "seem," "should," "will," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements are based on the current expectations of the management of the Company and HUB Security, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the Company and HUB Security and the following:





    ·   expectations regarding HUB Security's strategies and future financial
        performance, including its future business plans or objectives,
        prospective performance and opportunities and competitors, revenues,
        products and services, pricing, operating expenses, market trends,
        liquidity, cash flows and uses of cash, capital expenditures, and HUB
        Security's ability to invest in growth initiatives and pursue acquisition
        opportunities;




    ·   the occurrence of any event, change or other circumstances that could give
        rise to the termination of the Business Combination Agreement and any
        subsequent definitive agreements with respect to the transaction
        contemplated therein;




    ·   the outcome of any legal proceedings that may be instituted against the
        Company, HUB Security, the combined company or others following
        announcement of the Business Combination Agreement and the transaction
        contemplated therein;




    ·   the inability to complete the proposed transactions due to, among other
        things, the failure to obtain certain governmental and regulatory
        approvals or to satisfy other conditions to closing, including delays in
        obtaining, adverse conditions contained in, or the inability to obtain
        necessary regulatory approvals or complete regulatory reviews required to
        complete the proposed transaction;




    ·   the inability to obtain the financing necessary to consummate the proposed
        transaction;




    ·   changes to the proposed structure of the proposed transactions that may be
        required or appropriate as a result of applicable laws or regulations or
        as a condition to obtaining regulatory approval of the proposed
        transaction;




    ·   the ability to meet stock exchange listing standards following the
        consummation of the proposed transaction;




    ·   the risk that the announcement and consummation of the proposed
        transaction disrupts HUB Security's current operations and future plans;










    ·   the lack of a third party valuation in determining whether or not to
        pursue the proposed transaction;




    ·   the ability to recognize the anticipated benefits of the proposed
        transaction, which may be affected by, among other things, competition,
        the ability of HUB Security to grow and manage growth profitably, maintain
        relationships with customers and suppliers and retain its management and
        key employees;




  · costs related to the proposed transaction;




  · limited liquidity and trading of the Company's and HUB Security's securities;




    ·   geopolitical risk, including military action and related sanctions, and
        changes in applicable laws or regulations;




    ·   the possibility that the Company or HUB Security may be adversely affected
        by other economic, business, and/or competitive factors;




    ·   inaccuracies for any reason in the estimates of expenses and profitability
        and projected financial information for HUB Security; and




    ·   other risks and uncertainties set forth in the section entitled "Risk
        Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the
        Company's final prospectus relating to its initial public offering dated
        October 4, 2021 and the proxy statements filed on December 5, 2022,
        December 9, 2022 and February 10, 2023.

Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of the Company and HUB Security prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.

All subsequent written and oral forward-looking statements concerning the proposed business combination or other matters addressed in this Current Report on Form 8-K and attributable to the Company, HUB Security or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this Current Report on Form 8-K. Except to the extent required by applicable law or regulation, the Company and HUB Security undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this Current Report on Form 8-K to reflect the occurrence of unanticipated events.

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