(1) Information above provided as of the date of this filing. As of November 30, 2023, Mr. Boyd, as the managing member of Armistice Capital LLC, may be deemed to have beneficially owned 2,948,000 Shares, constituting 22.1% of the outstanding Shares based on information provided by the Issuer. As of December 31, 2023, Mr. Boyd, as the managing member of Armistice Capital LLC, may be deemed to have beneficially owned of 2,400,000 Shares, constituting 18.1% of the outstanding Shares based on information provided by the Issuer.
Item 1. | (a) Name of Issuer |
SuperCom Ltd.
Item 1. | (b) Address of Issuer’s Principal Executive Offices |
Chemin des Mines 9
3 Rothschild Street
Tel Aviv 6688106 Israel
Item 2. | (a) Names of Person Filing: |
Armistice Capital, LLC
Steven Boyd
Collectively, the "Reporting Persons"
Item 2. | (b) Address of Principal Business Office: |
Armistice Capital, LLC
510 Madison Avenue, 7th Floor
New York, New York 10022
United States of America
Steven Boyd
c/o Armistice Capital, LLC
510 Madison Avenue, 7th Floor
New York, New York 10022
United States of America
Armistice Capital, LLC - Delaware
Steven Boyd - United States of America
Item 2. | (d) Title of Class of Securities |
Ordinary shares, NIS 2.5 per share (“Shares”)
M87095200
CUSIP No. M87095200
| SCHEDULE 13G
| Page 5 of 9 Pages
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Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
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| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
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| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
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| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
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| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
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| (e) | ⌧ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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| (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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| (g) | ⌧ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
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| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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| (j) | ☐ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
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| (k) | ☐ | A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) | Amount beneficially owned: |
(i) | As of November 30, 2023: |
Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
(ii) | As of December 31, 2023 |
Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd – 2,400,000 Shares
(iii) | As of the date of this filing: |
Armistice Capital, LLC - 0 Shares
Steven Boyd - 0 Shares
(b) Percent of Class as of November 30, 2023:
(i) | As of November 30, 2023: |
Armistice Capital, LLC - 22.1%
Steven Boyd - 22.1%
CUSIP No. M87095200
| SCHEDULE 13G
| Page 6 of 9 Pages
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(ii) | As of December 31, 2023: |
Armistice Capital, LLC – 18.1%
Steven Boyd – 18.1%
(iii) | As of the date of this filing: |
Armistice Capital, LLC – 0.0%
Steven Boyd – 0.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote (on all “as of” dates)
Armistice Capital, LLC - 0
Steven Boyd - 0
(ii) Shared power to vote or to direct the vote
(A) | As of November 30, 2023: |
Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
(B) | As of December 31, 2023 |
Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd - 2,400,000 Shares
(C) | As of the date of this filing: |
Armistice Capital, LLC - 0 Shares
Steven Boyd - 0 Shares
(iii) Sole power to dispose or to direct the disposition of (on all “as of” dates)
Armistice Capital, LLC - 0
Steven Boyd - 0
(iv) Shared power to dispose or to direct the disposition of
(A) | As of November 30, 2023: |
Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
(B) | As of December 31, 2023 |
Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd - 2,400,000 Shares
(C) | As of the date of this filing: |
Armistice Capital, LLC - 0 Shares
Steven Boyd - 0 Shares
CUSIP No. M87095200
| SCHEDULE 13G
| Page 7 of 9 Pages
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The percentage of Shares reported to be beneficially owned by the Reporting Persons is based on information provided by the issuer following the exercise of warrants and the issuance of shares out of abeyance.
Armistice Capital, LLC ("Armistice Capital") is the investment manager of Armistice Capital Master Fund Ltd. (the "Master Fund"), the direct holder of the Shares, and pursuant to an Investment Management Agreement, Armistice Capital exercises voting and investment power over the securities of the Issuer held by the Master Fund and thus may be deemed to beneficially own the securities of the Issuer held by the Master Fund. Mr. Boyd, as the managing member of Armistice Capital, may be deemed to beneficially own the securities of the Issuer held by the Master Fund. The Master Fund specifically disclaims beneficial ownership of the securities of the Issuer directly held by it by virtue of its inability to vote or dispose of such securities as a result of its Investment Management Agreement with Armistice Capital.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
The Master Fund, a Cayman Islands exempted company that is an investment advisory client of Armistice Capital, has the right to receive dividends from, or the proceeds from the sale of, the reported securities.
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or
Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
CUSIP No. M87095200
| SCHEDULE 13G
| Page 8 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: February 14, 2024
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| Armistice Capital, LLC |
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| By: | /s/ Steven Boyd |
| | Steven Boyd Managing Member | |
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| By:
| /s/ Steven Boyd
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| | Steven Boyd
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CUSIP No. M87095200
| SCHEDULE 13G
| Page 9 of 9 Pages
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JOINT FILING STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
Dated: February14, 2024
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| Armistice Capital, LLC |
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| By: | /s/ Steven Boyd |
| | Steven Boyd Managing Member | |
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| By:
| /s/ Steven Boyd
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| | Steven Boyd
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