SuperCom prices $2.9M registered direct offering at 36c pre share

SuperCom announced that it has entered into a securities purchase agreement with a single institutional investor to purchase approximately $2.9 million of its ordinary shares in a registered direct offering and warrants to purchase ordinary shares in a concurrent private placement. The combined effective purchase price for one ordinary share (or pre-funded warrant in lieu thereof) and a warrant to purchase one ordinary share will be $0.36. Maxim Group LLC is acting as the sole placement agent in connection with the offering.