SuperCom Announces Pricing Of $2.75M Public Offering Of 3,235,295 Units At A Price Of $0.85/Unit
Portfolio Pulse from Happy Mohamed
SuperCom (NASDAQ:SPCB) has announced the pricing of its public offering of 3,235,295 units at $0.85 per unit with a single institutional investor. The offering is expected to close on August 3, 2023, and is expected to generate gross proceeds of approximately $2.75 million before deducting placement agent fees and other offering expenses. Maxim Group LLC is acting as the sole placement agent for this public offering.
August 04, 2023 | 11:18 am
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SuperCom's public offering could potentially dilute existing shareholders' equity, but it could also provide the company with additional capital for growth and operations.
Public offerings often lead to dilution of existing shareholders' equity, which can negatively impact the stock price. However, the additional capital raised can be used for growth and operations, which could potentially have a positive impact on the company's future performance.
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