TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Pricing for $2.75M Public Offering
SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-government, Internet of Things (“IoT”) and cybersecurity sectors, announced the pricing of its current public offering of 3,235,295 units at a public offering price of $0.85 per unit. According to the announcement, each unit includes one ordinary share (or a prefunded warrant in lieu thereof) and one warrant to purchase one ordinary share. The company noted that the common warrants will be immediately exercisable at an exercise price of $0.85 per share with an expiration date five years from the date of issue. The announcement noted that gross proceeds from the public offering, which…