SuperCom Ltd. announced that it has entered into purchase agreement with a single institutional investor to issue 8,116,155 ordinary shares and also agreed to issue warrants to purchase up to an aggregate of 8,116,155 ordinary shares at a combined effective purchase price for one ordinary share and a warrant to purchase one ordinary share will be $0.36 for the gross proceeds of $2,921,815.8 on April 18, 2024. The warrants will be immediately exercisable upon issuance, will expire five years from the date of issuance, and will have an exercise price of $0.38 per ordinary share. The transaction is expected to close on or about April 19, 2024, subject to the satisfaction of customary closing conditions.