SuperCom Prices $7.5 Million Registered Direct Offering
SuperCom announced on July 13, 2026, that it entered into a securities purchase agreement for a registered direct offering expected to raise approximately $7.5 million. The funds will be used for working capital and general corporate purposes.
TEL AVIV, Israel – SuperCom (NASDAQ: SPCB), a provider of secured solutions for e-Government, IoT, and Cybersecurity sectors, announced Tuesday it has entered into a securities purchase agreement with certain institutional investors. The agreement is for a registered direct offering expected to purchase approximately 732,683 ordinary shares at a price of $10.25 per share, resulting in gross proceeds of approximately $7.5 million before deducting placement agent fees and offering expenses.
The company intends to use the net proceeds for working capital and general corporate purposes. This includes supporting the implementation and expansion of new and existing government projects, with publicly stated budgets exceeding $80 million in Europe and the U.S.
The offering is expected to close on or about July 14, 2026, subject to customary closing conditions. Maxim Group LLC served as the sole placement agent for the offering. The shares are being offered under SuperCom's shelf registration statement on Form F-3, which was declared effective by the U.S. Securities and Exchange Commission (SEC) in January 2025.
SuperCom provides identity solutions and security systems to governments and organizations worldwide, focusing on e-Government platforms, biometric enrollment, and border control services to issue secure multi-ID documents and digital identity solutions.