Jun. 16 at 3:15 PM
$SPCB
May 14, 2007 – 0.17:1 reverse split
Aug 23, 2013 – 0.23529:1 reverse split
Nov 23, 2022 – 0.1:1 (matches the 1-for-10 reverse split)
look for SEC website„Report of Foreign Private Issuer pursuant to Rule 13a‑16 or 15d‑16… For the month of November 2022“
Aug 22, 2024 – 0.05:1 (matches the 1-for-20 reverse split)
1. Capital Raise at a Major Premium
On January 23, 2025, SuperCom issued 100,000 shares at
$43.74 each
—an enormous premium compared to the then-market price—to pay down
$4.37M in debt...
This move simultaneously: Cleared 32% of their debt,
Extended debt maturity to late 2028,
Eliminated monthly interest payments,
Frees up cash flow for growth
Another result, trading at that price became feasible (because the company showed it could raise capital at those levels—market psychology?) :-)