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SuperCom Issues Shares at Price of $43.7 per Share, Significant Premium to Market, to Pay $4.37 Million of Outstanding Debt

1. SuperCom issued 100,000 shares at $43.74 to reduce debt significantly. 2. This debt reduction supports SuperCom's growth strategy and increases free cash flow.

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FAQ

Why Bullish?

The share issuance at a premium indicates strong market confidence. Past examples show debt reduction often improves stock performance.

How important is it?

The share issuance and debt repayment directly improve SuperCom's financial health, likely enhancing stock price stability.

Why Short Term?

Immediate cash flow benefits can influence investor sentiment quickly. Such actions typically have rapid, positive effects on stock prices.

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SPCB
The shares issuance and other favorable terms agreed upon with SuperCom's senior lender increase the free cash flows to be used by the company to support its growth strategy TEL AVIV, Israel , Jan. 23, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the issuance of 100,000 of its ordinary shares at a price of $43.74 per share, which reflects a significant premium to the last closing price, to pay down $4.374 million of SuperCom's outstanding debt. This issuance and debt paydown were part of an amendment that SuperCom executed with its senior lender, a large national investment management firm.

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