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SuperCom Issues Shares at Price of $43.7 per Share, Significant Premium to Market, to Pay $4.37 Million of Outstanding Debt
SPCBSuper .(SPCB) Prnewswire·2025-01-23 14:05

The shares issuance and other favorable terms agreed upon with SuperCom's senior lender increase the free cash flows to be used by the company to support its growth strategyTEL AVIV, Israel, Jan. 23, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the issuance of 100,000 of its ordinary shares at a price of $43.74 per share, which reflects a significant premium to the last closing price, to pay down $4. ...