- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can someone explain this? SPCB issues shares at a large premium
Posted on 2/11/25 at 4:37 pm
Posted on 2/11/25 at 4:37 pm
LINK https://finance.yahoo.com/news/supercom-issues-shares-price-43-140500436.html
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. This amendment includes a broader set of favorable modifications designed to enhance SuperCom's financial flexibility and support its strategic growth objectives.
I jumped in today
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. This amendment includes a broader set of favorable modifications designed to enhance SuperCom's financial flexibility and support its strategic growth objectives.
I jumped in today
This post was edited on 2/11/25 at 4:39 pm
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News