SuperCom Announces Pricing of $2.9 Million Registered Direct Offering

April 18, 2024

https://www.prnewswire.com/news-releases/supercom-announces-pricing-of-2-9-million-registered-direct-offering-302120927.html

TEL AVIV, Israel, April 18, 2024 /PRNewswire/ — SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $2.9 million of its ordinary shares (or pre-funded warrants in lieu thereof) in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. The combined effective purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a warrant to purchase one ordinary share will be $0.36.

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