2023-08-02 09:31:34 ET
- Cybersecurity solutions provider SuperCom ( NASDAQ: SPCB ) said on Wednesday that it priced an ~$2.75M public offering of 3.24M units at $0.85 per unit.
- The offering was made to a single institutional investor.
- Each unit consists of one share and one warrant to purchase one share.
- The warrants are immediately exercisable at an exercise price of $0.85 per share.
- The offering is expected to close on Aug. 3.
- Additionally, the institutional investor was also issued certain existing warrants to purchase up to 2.1M shares on July 25, 2022, and March 31, 2023.
- SPCB shares were trading -3.15% pre-market.
- Source: Press Release
For further details see:
SuperCom prices ~$2.75M public offering of units