Supercom - SPCB STOCK NEWS

SuperCom (NASDAQ: SPCB) announced a registered direct offering worth $2.4 million for approximately 1,517,615 ordinary shares at a combined price of $1.60 per share/warrant. The offering includes warrants to purchase an equal number of shares at $1.66 exercise price, expiring in five years. This follows an agreement to amend existing warrants to the same exercise price. The transaction, facilitated by Maxim Group LLC, is expected to close around March 31, 2023. The shares are offered under the SEC's shelf registration statement (File No. 333-261442).

SuperCom (NASDAQ: SPCB) announced a second order valued at approximately $7.1 million from Romania's Ministry of Interior for the National Electronic Monitoring Project. This follows the successful completion of the project's first phase, which had an initial order exceeding $8 million. The delivery is expected within the first half of 2023. CEO Ordan Trabelsi highlighted the company's role in enhancing public safety and emphasized a strong pipeline exceeding $200 million in potential projects. SuperCom's PureSecurity EM Suite offers advanced monitoring solutions, reinforcing its leadership in the electronic monitoring market.

SuperCom (NASDAQ: SPCB) announced on March 13, 2023, that it has no banking exposure to Silicon Valley Bank or Signature Bank. This announcement clarifies that neither SuperCom nor its subsidiaries hold any financial relationships with these banks. SuperCom is a provider of secured solutions across e-Government, IoT, and Cybersecurity sectors, offering identity solutions and advanced technology to governments worldwide.

SuperCom (NASDAQ: SPCB) has initiated a $3.6 million electronic monitoring project in Finland, aimed at enhancing public safety while reducing prison overcrowding and recidivism. Following a competitive bidding process involving six companies, SuperCom successfully launched its PureSecurity Electronic Monitoring Suite, expected to support over 1,000 offenders simultaneously for four years. Revenue will depend on actual usage, primarily from leasing equipment and maintenance. The project reflects a growing demand for advanced monitoring solutions, with deployment expected to generate recurring revenue soon.

SuperCom (NASDAQ: SPCB), a leader in secured solutions for e-Government, IoT, and Cybersecurity, announced that President and CEO Ordan Trabelsi will present at the Sidoti Virtual Investor Conference on January 18-19, 2023. The corporate overview will begin at 09:15 AM ET on January 19. Investors can register for the presentation and one-on-one meetings here. The presentation will also be available on SuperCom's website www.supercom.com.

SuperCom (NASDAQ: SPCB), a provider of secure solutions for e-Government and cybersecurity, announced a $270,000 order from a government agency through its subsidiary Safend to enhance cybersecurity protection programs. This long-term customer will benefit from Safend's advanced encryption and data protection solutions, covering tens of thousands of end-point machines. SuperCom's President and CEO, Ordan Trabelsi, emphasized the importance of robust cybersecurity measures in the face of increasing threats.

SuperCom (NASDAQ: SPCB) has announced that it has regained compliance with Nasdaq's minimum bid price requirement. This follows a notice received on December 13, 2021, when Nasdaq indicated that SPCB's stock did not meet the minimum bid price of $1.00 for 30 consecutive business days. As of December 8, 2022, the stock's closing price met the requirement for ten consecutive days, resolving the compliance issue.

SuperCom (NASDAQ: SPCB) announced that its subsidiary Safend has secured orders worth approximately $600,000 for over 50,000 licenses, including new seat expansions and maintenance fees from major defense and government organizations. This renewal showcases the trust these organizations place in Safend's data protection and cybersecurity technologies. Safend's solutions, including the Safend Protector and Safend Encryptor, enhance endpoint security and are compliant with international standards. This long-standing relationship with clients reinforces Safend's market position in cybersecurity.

SuperCom (NASDAQ: SPCB) has secured a contract valued at up to $4.25 million over five years from a Northern California county for adult reentry services. This project is projected to generate approximately $850,000 annually, enhancing SuperCom's service scope to include both community- and jail-based services. The project focuses on case management, substance abuse education, and job preparedness. Launch is expected in the first half of 2023. This win underscores SuperCom's strong customer relationships and commitment to reducing recidivism.