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SuperCom ( (SPCB) ) has provided an announcement.
On February 19, 2025, SuperCom Ltd. entered into a letter agreement with an institutional investor to modify the terms of previously issued warrants for the purchase of the company’s ordinary shares. The agreement stipulates that if the investor exercises all original warrants for cash, generating approximately $8.2 million, SuperCom will issue a new warrant for 75% of the newly issued shares. This strategic move aims to bolster SuperCom’s financial position and enhance its market competitiveness by securing funds while providing the investor with additional investment options.
More about SuperCom
SuperCom Ltd. is an Israeli company operating in the technology sector, primarily focusing on providing advanced electronic monitoring solutions and identification technologies. The company targets markets that require secure identification and tracking solutions, which include governments, law enforcement agencies, and private sector companies worldwide.
YTD Price Performance: 54.95%
Average Trading Volume: 1,286,280
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $41.36M
See more data about SPCB stock on TipRanks’ Stock Analysis page.