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Posted On: 01/30/2025 5:10:22 PM
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NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Pricing of $6 Million Registered Direct Offering
SuperCom (NASDAQ: SPCB) has entered into securities purchase agreements with institutional investors to sell 545,454 ordinary shares at $11.00 per share in a registered direct offering, expected to generate approximately $6 million in gross proceeds. The offering, set to close on Jan. 31, 2025, is subject to customary conditions. SuperCom plans to use the net proceeds for working capital, research and development, potential acquisitions, and general corporate purposes. Maxim Group LLC serves as the sole placement agent for the transaction.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
SuperCom (NASDAQ: SPCB) has entered into securities purchase agreements with institutional investors to sell 545,454 ordinary shares at $11.00 per share in a registered direct offering, expected to generate approximately $6 million in gross proceeds. The offering, set to close on Jan. 31, 2025, is subject to customary conditions. SuperCom plans to use the net proceeds for working capital, research and development, potential acquisitions, and general corporate purposes. Maxim Group LLC serves as the sole placement agent for the transaction.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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