SuperCom receives Nasdaq letter on minimum bid requirements

SuperCom received a letter from Nasdaq, indicating that the company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the company’s closing bid price for its common stock was below $1.00 per share for the 30 consecutive business days prior to the Notice, between August 1, 2023 and September 11, 2023. SuperCom expects to regain compliance with the minimum bid price requirement within the upcoming 180 days compliance period.