NEW
YORK, Sept. 16, 2024 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of
secured solutions for the e-Government, IoT, and Cybersecurity
sectors, announced that it has received notice from The Nasdaq
Stock Market LLC ("Nasdaq") that the Company has regained
compliance with Nasdaq's minimum bid price for continued listing on
the Nasdaq Capital Market set forth in Nasdaq Listing Rule
5550(a)(2) ("Min Bid Price Rule"), and this matter is now
closed.
On September 13,
2023, Nasdaq notified the Company that its common
stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business
days as required by the Listing Rules of The Nasdaq Stock
Market.
On September 6, 2024, Nasdaq
determined that for the last 10 consecutive business days, from
August 22 through September 5, 2024,
the closing bid price of the Company's common stock has been at
$1.00 per share or greater.
Accordingly, the Company has regained compliance with Listing Rule
5550(a)(2)("Min Bid Price Rule"), and Nasdaq considers this matter
now closed.
About SuperCom
Since 1988, SuperCom has been a global provider of traditional
and digital identity solutions, providing advanced safety,
identification and security solutions to governments and
organizations, both private and public, throughout the world.
Through its proprietary e-government platforms and innovative
solutions for traditional and biometrics enrollment,
personalization, issuance and border control services, SuperCom has
inspired governments and national agencies to design and issue
secure Multi-ID documents and robust digital identity solutions to
its citizens and visitors. SuperCom offers a unique all-in-one
field-proven RFID & mobile technology and product suite,
accompanied by advanced complementary services for various
industries including healthcare and homecare, security and safety,
community public safety, law enforcement, electronic monitoring,
and domestic violence prevention. For more information, please
visit SuperCom's website: www.supercom.com
SuperCom Investor Relations:
ir@supercom.com
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SOURCE SuperCom