SuperCom Ltd. announced that it has entered into a securities purchase agreement to issue 1,517,615 of ordinary shares at an issue price of $1.66 per share for the gross proceeds of $2,519,240.9 on March 30, 2023. The private warrants and the ordinary shares issuable upon exercise of such warrants have not been registered under the Securities Act of 1933 and are instead being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and Rule 506(b) promulgated thereunder.