Crooked SPCB raised money for the upteenth time
'SuperCom stock falls after company prices its $2.9 million offering
Apr. 18, 2024 8:45 AM ETSuperCom Ltd. (SPCB) StockBy: Sinchita Mitra, SA News Editor
SuperCom (NASDAQ:SPCB) shares slid 16.7% in pre-market trade after it priced its $2.9 million registered direct offering.
The combined effective purchase price for one ordinary share and a warrant to purchase one ordinary share will be $0.36.
The warrants will be immediately exercisable upon issuance, will expire five years from the date of issuance, and will have an exercise price of $0.38 per ordinary share, the firm said.'
