SuperCom Receives $1.23 Million in New Equity Financing

Thursday 29 July 2004 19:45 CET | News

SuperCom has received $1.23 million US dollars of new equity financing through the sale of the Companys common stock and warrants if exercised.Under the terms of the agreement, the group purchased 1,441,178 shares of common stock at a price of $0.85 per share. In addition, investors received five-year warrants to purchase 360,296 shares of common stocks at an exercise price of $1.35. The Company will use the proceeds of this financing as additional working capital and for business development.

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Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce