SuperCom (SPCB) 6-K2024 Q2 Current report (foreign)

Effective August 22, 2024, SuperCom Ltd. (the “Company”) effected a 1-for-20 reverse stock split (the “Reverse Split”) of its issued and outstanding ordinary shares, NIS 2.5 par value per share (the “ordinary shares”). As a result of the Reverse Split, every 20 shares of the pre-split issued and outstanding ordinary shares automatically converted into one post-split ordinary share, with a corresponding reduction of the number of ordinary shares that the Company is authorized to issue. All fractional shares will be rounded up. As a result of the Reverse Split, all options, warrants and convertible securities of the Company outstanding immediately prior to the Reverse Split were adjusted by dividing the number of ordinary shares into which the options and warrants are exercisable and the convertible securities are convertible by 20 and multiplying the exercise price or the conversion price thereof by twenty, all in accordance with the terms of the plans, agreements or arrangements governing such securities.

Accordingly, all ordinary share and per share data, par value and exercise price data for applicable ordinary share equivalents included in the Condensed Interim Consolidated Financial Statements of the Company and its subsidiaries as of June 30, 2024 and in the Company’s Management's Discussion and Analysis of Results Operations included in this Report on Form 6-K have been retroactively adjusted to give effect to the Reverse Split, unless otherwise indicated.