SuperCom (NASDAQ: SPCB) has entered into a securities purchase agreement with institutional investors to sell 732,683 ordinary shares at $10.25 per share in a registered direct offering, according to a press release issued July 13, 2026.

The offering is expected to generate approximately $7.5 million in gross proceeds before placement agent fees and other expenses. The transaction was expected to close on or about July 14, 2026, subject to customary closing conditions.

SuperCom said it intends to use the net proceeds for working capital and general corporate purposes, including support for the implementation and expansion of government projects in Europe and the U.S. The company said those projects carry combined published budgets of over $80 million.

Maxim Group LLC is acting as the sole placement agent for the offering. The shares are being offered under SuperCom's shelf registration statement on Form F-3, declared effective by the U.S. Securities and Exchange Commission on January 21, 2025.