TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces $2.9M Registered Direct Offering
SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT and cybersecurity sectors, announced that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $2.9 million of ordinary shares (or pre-funded warrants in lieu thereof) in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. According to the announcement, the combined effective purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a warrant to purchase one ordinary share will be $0.36. Under the terms of the securities purchase agreement,…