Exhibit 99.1

SECURITIES PURCHASE AGREEMENT

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made on June 26, 2026 by and among HUB Cyber Security Ltd., a company organized under the laws of the State of Israel (“Buyer” or “HUBC”), and each of the holders of Notes (as defined below) that executes and delivers a Seller signature page to this Agreement (each, a “Seller” and, collectively, the “Sellers”). The Notes held by each Seller, such Seller’s Purchase Price and the number of Consideration Shares issuable to such Seller are set forth opposite such Seller’s name on Schedule A hereto. The obligations of the Sellers under this Agreement are several and not joint, and each reference in this Agreement to “Seller” means each Seller severally and solely with respect to itself and its Purchased Securities.

WHEREAS, each Seller is the holder of the senior subordinated convertible notes of Evofem Biosciences, Inc., a Delaware corporation (the “Company”) set forth opposite such Seller’s name on Schedule A hereto, which notes are convertible into shares of the Company’s common stock at a conversion price of $0.0154 per share (subject to adjustment) and the documentation for which is included and described on Appendix A hereto (with respect to each Seller, such Seller’s “Notes”); and

WHEREAS, each Seller desires to sell to Buyer, and Buyer desires to purchase from such Seller, all of such Seller’s Notes (with respect to each Seller, such Seller’s “Purchased Securities”) on the basis of the representations, warranties and agreements contained in this Agreement, and upon the terms but subject to the conditions set forth herein.

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties hereto agree as follows:

If to Buyer:

HUB Cyber Security Ltd.

30 Hacharoshet Street

Or Yehuda, Israel

Attention: Tuvia Grossman, Chief Legal Officer

Email: [*]

with copies (which shall not constitute notice) to:

Honigman LLP

660 Woodward Avenue, Suite 2290

Detroit, Michigan 48226

Attention: Michael J. Rosenberg

Email: MRosenberg@honigman.com

and

Goldfarb Gross Seligman & Co.

98 Yigal Alon Street

Tel Aviv 6789141, Israel

Attention: Adam Klein

Email: adam.klein@goldfarb.com

If to Seller:

To each Seller, at the email address and other contact information set forth on such Seller’s signature page hereto.

Any party hereto may change the email address for receipt of communications by giving email notice to the other party.

[The remainder of this page is intentionally left blank; signature page follows]

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.

BUYER:

 

HUB Cyber Security Ltd.
By:
Name:
Title:

SELLER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT

By executing and delivering this signature page, the undersigned (i) agrees to become a party to, and to be bound by, that certain Securities Purchase Agreement, dated as of ____________, 2026, by and among HUB Cyber Security Ltd. and the Sellers party thereto (the “Agreement”), as a “Seller” thereunder; (ii) adopts and agrees to be bound by Schedule A to the Agreement, including the Notes, Purchase Price and Consideration Shares set forth opposite its name therein; and (iii) makes, as of the date hereof and as of the Closing Date, the representations, warranties and covenants of a Seller set forth in the Agreement, severally and not jointly and solely with respect to itself and its Purchased Securities; and (iv) represents and warrants that the number of ordinary shares of HUB Cyber Security Ltd. beneficially owned or held, directly or indirectly, by the undersigned, together with its affiliates and any other persons acting in concert with the undersigned (within the meaning of Section 13(d) of the Exchange Act and the Israeli Companies Law, 1999), as of the date hereof is the number set forth below, undertakes to notify Buyer in writing promptly (and in any event prior to the Closing) of any change in such number, and covenants that it shall not increase such holdings prior to the Closing without Buyer’s prior written consent. Capitalized terms used but not otherwise defined herein have the meanings given them in the Agreement.

SELLER:

 

Address for notices:

Ordinary shares of HUB Cyber Security Ltd. held, directly or indirectly, by the Seller and its affiliates and persons acting in concert, as of the date hereof: ______________________________

Seller’s DWAC instructions to Buyer:

SCHEDULE A

APPENDIX A

Attached hereto are true, correct and complete copies of the following (collectively, the “Note Documents”): (i) each promissory note evidencing the Notes; (ii) the securities purchase agreement and related subscription documents pursuant to which the Notes were issued, in each case as amended, restated, supplemented or otherwise modified through the date hereof; and (iii) a schedule of the record holders of the Notes, setting forth the outstanding principal amount held by each, which evidences Seller’s ownership of the Purchased Securities.

APPENDIX B

FORM OF PRE-FUNDED WARRANT