SuperCom Announces Reverse Stock Split

SuperCom (SPCB) has released an update.

SuperCom Ltd. has announced a 1-for-20 Reverse Split of its outstanding ordinary shares to comply with Nasdaq’s minimum bid price requirement and to potentially attract more institutional investors. The Reverse Split is set to take effect on August 22, 2024, and will adjust the price and number of shares accordingly, including options, warrants, and convertible securities. Shareholders holding shares electronically or in certificated form don’t need to take action as the changes will be reflected automatically or can be exchanged if desired.

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