TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Pricing for $2.75M Public Offering

August 02, 2023 at 13:37 PM EDT

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, announced the pricing of its current public offering of 3,235,295 units at a public offering price of $0.85 per unit. According to the announcement, each unit includes one ordinary share (or a prefunded warrant in lieu thereof) and one warrant to purchase one ordinary share. The company noted that the common warrants will be immediately exercisable at an exercise price of $0.85 per share with an expiration date five years from the date of issue. The announcement noted that gross proceeds from the public offering, which is slated to close on Aug. 3, 2023, are projected to be approximately $2.75 million before deducting placement agent fees and other offering expenses. Maxim Group LLC is acting as sole placement agent for the public offering. SuperCom also has agreed that certain existing warrants that were issued on July 25, 2022, and March 31, 2023, will be amended when this public offering closes. Amended warrants will also have an exercise price of $0.85 and will expire five years from the date of the closing of this offering.

To view the full press release, visit https://ibn.fm/H9dtz

About SuperCom Ltd.

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one, field-proven Radio Frequency Identification (“RFID”) and mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation. For additional information about this company, please visit www.SuperCom.com.

About TechMediaWire

TechMediaWire (“TMW”) is a tech-focused financial news and content distribution company, one of 50+ brands within IBN, providing: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a specialized communications platform with an extensive team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public tech companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By putting a spotlight on the latest and greatest in the tech industry, TMW brings its clients unparalleled visibility, recognition and brand awareness. TMW is where investors come to learn about the next big things in tech and the companies that are making them happen.

To receive SMS text alerts from TechMediaWire, text “TECH” to 844-397-5787 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://TechMediaWire.com/disclaimer

TechMediaWire (TMW)
Los Angeles, CA
www.TechMediaWire.com
212.418.1217 Office
Editor@TechMediaWire.com

TechMediaWire is part of IBN.

About Us

Additional Information

Website & Technical Help

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Pricing for $2.75M Public Offering

More News