SuperCom Ltd. (SPCB) has released an update.
SuperCom Ltd., a prominent technology firm, has successfully completed a significant financial maneuver with the closing of a registered direct offering and concurrent private placement on April 19, 2024. The deal included the sale of over 2.8 million ordinary shares and more than 5.2 million pre-funded warrants, alongside private warrants for purchasing approximately 8.1 million ordinary shares. This strategic move aims to bolster the company’s financial position and promises potential growth for investors and stakeholders.
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