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An announcement from SuperCom ( (SPCB) ) is now available.
On January 22, 2025, SuperCom Ltd. announced a significant amendment to its Credit Agreement with Fortress Investment Group LLC, involving the exchange of over $4.3 million of outstanding term loans for 100,000 ordinary shares, extending loan maturity to December 2028, and modifying loan terms to achieve over $1 million in net savings. This strategic financial restructuring is anticipated to enhance SuperCom’s liquidity and operational flexibility, potentially strengthening its position within the technology industry.
More about SuperCom
SuperCom Ltd. operates in the technology industry, offering electronic monitoring, identification, and security products. Its primary services focus on providing cutting-edge solutions for government and private sectors, emphasizing secure identity management and public safety.
YTD Price Performance: 92.45%
Average Trading Volume: 1,069,377
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $25.4M
See more data about SPCB stock on TipRanks’ Stock Analysis page.
