-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HELEH/VALsrGXHvJBomhNgH8vhhdYstgU1YbM0sTI/BdcJ3D13siIVu0NzBahsFC gw8bAcF5R4QFuQFqYogCwg== 0001144204-04-016149.txt : 20041013 0001144204-04-016149.hdr.sgml : 20041013 20041013123606 ACCESSION NUMBER: 0001144204-04-016149 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041013 FILED AS OF DATE: 20041013 DATE AS OF CHANGE: 20041013 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SuperCom Ltd. CENTRAL INDEX KEY: 0001291855 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50790 FILM NUMBER: 041076539 BUSINESS ADDRESS: STREET 1: PO BOX 2094 CITY: RA STATE: L3 ZIP: 43665 BUSINESS PHONE: 972-9-775-0800 MAIL ADDRESS: STREET 1: PO BOX 2094 CITY: RA STATE: L3 ZIP: 43665 6-K 1 form8k.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934


Dated: October 13, 2004


SUPERCOM, LTD.

Millennium Bldg.
3 Tidhar Street, P.O.B. 2094
Ra’anana 43665 Israel

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F X     Form 40-F_______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes            No X-


 
 
    
 
 
SUPERCOM LTD.

Form 6-K

TABLE OF CONTENTS

 

Page

Other Information

 1

Signatures

 2

Exhibit Index

 3

 

      


  
     
 
 

OTHER INFORMATION

On October 13, 2004, SuperCom Ltd. issued a press release announcing that it had raised gross proceeds of approximately $3.5 million in private placements of its ordinary shares and warrants to purchase ordinary shares. The press release is furnished herewith as Exhibit 99.1 and incorporated by reference herein.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

SUPERCOM LTD.


By: 

/s/ Eyal Tuchman
Eyal Tuchman
Chief Financial Officer


Date: October 13, 2004


 
     
 



EXHIBIT INDEX
 
Exhibit No.
  
Exhibit
99.1
  
Press Release dated October 13, 2004
 


 EX-99 2 ex99.htm Unassociated Document

Exhibit 99.1

PRESS RELEASE 

FOR IMMEDIATE RELEASE
 

 
SUPERCOM, LTD. RAISES APPROXIMATELY $3.5 MILLION
IN PRIVATE PLACEMENTS
-----------

New York, NY, and Ra’anana, Israel - October 13, 2004 - SuperCom, Ltd. (Euronext: SUP), a leading smart card and e-ID technology integrator and solutions provider serving governmental and commercial markets, today announced that following its announcement dated July 1, 2004 regarding the process of raising funds through private placement, it has raised approximately $3.5 million of gross proceeds in new private equity financing.

SuperCom has successfully completed private placements of an aggregate of 4,029,415 of its ordinary shares to institutional and private investors at an aggregate purchase price of approximately $3.5 million at a price of $0.85 per share. In addition, such investors were issued warrants exercisable for five years from the closing date for the purchase of an aggregate of up to 1,611,769 ordinary shares at an exercise price of $1.10 per share. Following these private placements, SuperCom has 16,996,287 ordinary shares outstanding.

The Securities & Exchange Commission (SEC) has declared SuperCom's Form 20-F registration statement effective, giving the Company a class of securities registered with the SEC. SuperCom is continuing the application process with the NASD to have its shares quoted on the Over-the-Counter Bulletin Board (OTCBB). When SuperCom receives approval from the NASD for quotation of its ordinary shares on the OTCBB, the Company will announce its ticker symbol and its first day of U.S. trading.

“The newly acquired financing will be used to support large-scale implementation of new projects that SuperCom is about to undertake for its customers. In turn, this will improve our capabilities to take on additional client projects,” said Eyal Tuchman, Chief Financial Officer of SuperCom, Ltd.

Broadband Capital Management LLC acted as placement agent in the private placement of units that were sold to institutional and private investors in the US. Goldhar Corporate Finance Ltd. and Meitav Capital Ltd. acted as placement agents in the private placement of units, which were sold to financial institutions and private investors in Israel.

SuperCom, under the symbol "SUP" is expected to continue trading on Euronext, the pan-European exchange in Brussels.

 
     
 
 

About SuperCom:
SuperCom, Ltd. is engaged in research, development and marketing of advanced technologies and products for smart-card solutions and government e-ID projects. SuperCom offers a wide range of standard and customized smart-card-based solutions for physical and logical security, education, corrections facilities and air & seaports. SuperCom is also a leader in the manufacturing of secure and durable documents such as national identity cards, passports, visas, drivers’ licenses and vehicle registration. Together with its subsidiaries, SuperCom offers advanced, innovative and flexible solutions in contact and contactless smart-card technologies. Headquartered in Israel, SuperCom has subsidiaries in the US and Hong Kong. For more information, visit our website at www.supercomgroup.com.

Safe Harbor:
Certain of the statements contained in this news release may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such statements are subject to certain risks and uncertainties, such as market acceptance of new products and our ability to execute production on orders, which could cause actual results to differ materially from those in the statements included in this press release. Although SuperCom believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. SuperCom disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date hereof, whether as a result of new information, future events or otherwise. SuperCom undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. For further information, refer to the discussion in reports that SuperCom has filed with the U.S. Securities and Exchange Commission.
This press release and other releases are available on www.supercomgroup.com.

Contact:  
Eyal Tuchman, CFO
SuperCom, Ltd.
+972 9 775 0800
eyalt@supercomgroup.com		 Dahlia Bailey / Jerry Cahn
PortfolioPR
212 736 9224
dbailey@portfoliopr.com / jcahn@portfoliopr.com
             
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