Register Direct Offering Boosts SuperCom Ltd. (NASDAQ: SPCB) Financial Position as New Contracts Signed at Record Pace
Israel-based electronic monitoring (“EM”) tech developer SuperCom recently completed a registered direct offering designed to bring in an additional $6 million for working capital, research and development and potential acquisitions The company develops EM technology and provides accompanying services that work synchronously to sustain public safety through the electronic monitoring of suspects and convicted offenders as an alternative to incarceration SuperCom’s PureSecurity Suite of solutions is anchored by its PureOne tracking bracelet, which can be worn discreetly while providing data via GPS, cellular, Wi-Fi, and Bluetooth technologies for monitoring a court-supervised individual’s movements The use of EM solutions for allowing…