IPO - SuperCom Ltd

Form Type: F-3

Filing Date: 2025-05-09

Corporate Action: Ipo

Type: New

Accession Number: 000117891325001678

Filing Summary: SuperCom Ltd. filed a Form F-3 Registration Statement on May 9, 2025, to register the resale of up to 698,324 ordinary shares at a price of $13.50 per share, which are issuable upon the exercise of existing outstanding Private Warrants held by a named Selling Shareholder. The company, located in Israel and incorporated in 1988, does not intend to sell any shares itself or receive any proceeds from this offering as the funds will go directly to the Selling Shareholder. The company will gain proceeds from the exercise of the Private Warrants amounting to approximately $9.4 million, intended for working capital, research, development, and potential acquisitions. SuperCom's ordinary shares are listed on the Nasdaq Capital Market under the symbol 'SPCB'. The last reported sale price was $5.71 on May 2, 2025. The registration includes provisions for sales from time to time and cautions investors about the risks associated with the offering and the investment. The company operates across three Strategic Business Units: e-Gov, IoT and Connectivity, and Cyber Security, providing identity and tracking solutions worldwide.