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An update from SuperCom ( (SPCB) ) is now available.
On January 30, 2025, SuperCom announced a registered direct offering of 545,454 ordinary shares priced at $11.00 per share, expected to close on January 31, 2025. The offering is anticipated to generate approximately $6 million in gross proceeds, which the company plans to use for working capital, research and development, potential acquisitions, and general corporate purposes. Maxim Group LLC is acting as the sole placement agent for the offering.
More about SuperCom
SuperCom is a global provider of secured solutions in the e-Government, IoT, and Cybersecurity sectors. Since its inception in 1988, the company has offered traditional and digital identity solutions, including advanced safety, identification, and security solutions to governments and organizations worldwide. Its product suite includes RFID and mobile technology solutions, with applications in healthcare, law enforcement, and domestic violence prevention.
YTD Price Performance: 50.13%
Average Trading Volume: 1,212,821
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.81M
For an in-depth examination of SPCB stock, go to TipRanks’ Stock Analysis page.
