TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Reduces Debt Through Premium Share Issuance and Amended Terms

SuperCom (NASDAQ: SPCB) announced the issuance of 100,000 ordinary shares at $43.74 per share, a significant premium to the market price, to pay down $4.374 million in debt as part of an amendment with its senior lender. The amendment extends the debt maturity to Dec. 31, 2028, eliminates monthly interest and amortization payments, and allows interest to accrue until maturity, enhancing the company’s financial flexibility. This paydown completes a 32% reduction in total debt over the past year, freeing cash flow to support SuperCom’s global growth strategies. CEO Ordan Trabelsi highlighted the company’s recent successes, including expanding into six new U.S. states, positioning SuperCom for long-term growth and stakeholder value creation.

To view the full press release, visit https://ibn.fm/BndMF

About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification, and security solutions to governments and organizations, both private and public, worldwide. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance, and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, and domestic violence prevention. For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About TechMediaWire

TechMediaWire (“TMW”) is a specialized communications platform with a focus on pioneering public and private companies driving the future of technology. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, TMW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, TMW brings its clients unparalleled recognition and brand awareness. TMW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from TechMediaWire, text “TECH” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.TechMediaWire.com

Please see full terms of use and disclaimers on the TechMediaWire website applicable to all content provided by TMW, wherever published or re-published: https://www.TechMediaWire.com/Disclaimer

TechMediaWire
Austin, Texas
www.TechMediaWire.com
512.354.7000 Office
Editor@TechMediaWire.com

TechMediaWire is powered by IBN

TechMediaWire

Share
Published by
TechMediaWire

Recent Posts

TechMediaBreaks – Spotlight on ONAR Holding Corp.’s (ONAR) Strategic Playbook: AI-Optimized Campaigns

ONAR (OTCQB: ONAR) was featured in a recent article that discussed its strategy amid the AI…

2 days ago

TechMediaBreaks – Why AI Maverick Intel Inc. (BINP) Is ‘One to Watch’

AI Maverick Intel (OTCID: BINP) recently rebranded and adopted a new strategic direction focused on AI-powered…

2 days ago

TechMediaBreaks – Robot Consulting Co., Ltd. (NASDAQ: LAWR) Closes $15 Million Initial Public Offering

Robot Consulting (NASDAQ: LAWR), a Japanese platform service provider specializing in human resource solutions with…

2 days ago

TechMediaBreaks – Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) Announces $2.4 Million Warrant Inducement Transaction

Wearable Devices (NASDAQ: WLDS, WLDSW), an award-winning AI-based gesture control technology company, has entered a…

3 days ago

TechMediaBreaks – Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW) Launches AI-Powered Touchless Neural Control Project for Military Use

Wearable Devices (NASDAQ: WLDS, WLDSW), a developer of AI-powered touchless sensing wearables, announced the launch…

4 days ago

TechMediaBreaks – PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Installs 4.99 MW Battery Storage System in Ontario 

Disseminated on behalf of PowerBank Corporation PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), announced…

4 days ago