NEW YORK, Dec. 30, 2020 /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").
On October 19, 2020, 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 December 29, 2020, Supercom received a letter
from Nasdaq stating that because the Company's common stock had a
closing bid price at $1.00 per share
or greater for the last twenty (20) consecutive business days, the
Company has regained compliance compliance with the Min Bid Price
Rule. Nasdaq considers the 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,
livestock monitoring, and building and access automation.
SuperCom's website is http://www.supercom.com
SuperCom Corporate Contact:
Ordan Trabelsi, President Americas
Tel: +1 212 466 4606
ordan@supercom.com
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SOURCE SuperCom Ltd