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midastouch017

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midastouch017

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Thursday, 06/18/2015 9:33:29 AM

Thursday, June 18, 2015 9:33:29 AM

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SuperCom prices 2.1M-share offering; shares -10.2%
Jun 18 2015, 09:26 ET | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip

SuperCom (NASDAQ:SPCB) is selling 2.1M shares at $12.00, 12% below Wednesday's close.
Underwriters have a 315K-share overallotment option.Assuming the overallotment option isn't picked up, gross proceeds will total $25.2M.
The offering stands to increase SuperCom's diluted share count by ~15%.SuperCom has fallen to $12.20 premarket.Yesterday: SuperCom plans stock offering; size/pricing undisclosed for now
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