Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
SuperCom Ltd.
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(Name of Issuer)
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Ordinary shares, NIS 2.5 per share
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(Title of Class of Securities)
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M87095200
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(CUSIP Number)
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November 30, 2023
(Information provided as of the date of filing, November 30, 2023 and December 31, 2023)
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(Date of Event Which Requires Filing of this Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
⌧ Rule 13d-1(b)
□ Rule 13d-1(c)
□ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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CUSIP No. M87095200
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SCHEDULE 13G
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Page 2 of 9 Pages
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1
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NAME OF REPORTING PERSONS
Armistice Capital, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) □
(b) □
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
0 (1)
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
0 (1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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□
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12
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TYPE OF REPORTING PERSON
IA, OO
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(1) Information above provided as of the date of this filing. As of November 30, 2023, Armistice Capital LLC
beneficially owned 2,948,000 ordinary shares, NIS 2.5 par value, (“Shares”), constituting 22.2% of the outstanding Shares based on information provided by SuperCom Ltd. (the “Issuer”). As of December 31, 2023, Armistice Capital LLC beneficially
owned 2,400,000 Shares, constituting 18.1% of the outstanding Shares based on information provided by the Issuer.
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CUSIP No. M87095200
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SCHEDULE 13G
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Page 3 of 9 Pages
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1
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NAME OF REPORTING PERSONS
Steven Boyd
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) □
(b) □
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
0
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6
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SHARED VOTING POWER
0 (1)
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7
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SOLE DISPOSITIVE POWER
0
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8
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SHARED DISPOSITIVE POWER
0 (1)
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 (1)
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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□
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12
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TYPE OF REPORTING PERSON
IN, HC
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(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.
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CUSIP No. M87095200
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SCHEDULE 13G
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Page 4 of 9 Pages
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Item 1.
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(a) Name of Issuer
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SuperCom Ltd.
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Item 1.
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(b) Address of Issuer’s Principal Executive Offices
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Chemin des Mines 9
3 Rothschild Street
Tel Aviv 6688106 Israel
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Item 2.
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(a) Names of Person Filing:
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Armistice Capital, LLC
Steven Boyd
Collectively, the "Reporting Persons"
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Item 2.
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(b) Address of Principal Business Office:
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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
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Item 2.
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(c) Citizenship:
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Armistice Capital, LLC - Delaware
Steven Boyd - United States of America
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Item 2.
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(d) Title of Class of Securiti
es
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Ordinary shares, NIS 2.5 per share (“Shares”)
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Item 2.
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(e) CUSIP No.:
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M87095200
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CUSIP No. M87095200
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SCHEDULE 13G
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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)
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☐
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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☐
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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☐
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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⌧
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
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(f)
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☐
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
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(g)
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⌧
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A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
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(h)
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☐
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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)
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☐
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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)
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☐
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A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
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(k)
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☐
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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:
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Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of
securities of the issuer ide
ntified in Item 1.
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(a)
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Amount beneficially owned:
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(i)
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As of November 30, 2023:
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Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
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(ii)
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As of December 31, 2023
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Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd – 2,400,000 Shares
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(iii)
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As of the date of this filing:
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Armistice Capital, LLC - 0 Shares
Steven Boyd - 0 Shares
(b) Percent of Class as of November 30, 2023:
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(i)
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As of November 30, 2023:
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Armistice Capital, LLC - 22.1%
Steven Boyd - 22.1%
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CUSIP No. M87095200
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SCHEDULE 13G
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Page 6 of 9 Pages
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(ii)
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As of December 31, 2023:
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Armistice Capital, LLC – 18.1%
Steven Boyd – 18.1%
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(iii)
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As of the date of this filing:
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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
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(A)
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As of November 30, 2023:
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Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
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(B)
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As of December 31, 2023
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Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd - 2,400,000 Shares
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(C)
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As of the date of this filing:
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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
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(A)
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As of November 30, 2023:
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Armistice Capital, LLC - 2,948,000 Shares
Steven Boyd - 2,948,000 Shares
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(B)
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As of December 31, 2023
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Armistice Capital, LLC – 2,400,000 Shares
Steven Boyd - 2,400,000 Shares
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(C)
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As of the date of this filing:
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Armistice Capital, LLC - 0 Shares
Steven Boyd - 0 Shares
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CUSIP No. M87095200
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SCHEDULE 13G
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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.
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CUSIP No. M87095200
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SCHEDULE 13G
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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:
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/s/ Steven Boyd
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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
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SCHEDULE 13G
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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:
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/s/ Steven Boyd
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Steven Boyd
Managing Member
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| By: |
/s/ Steven Boyd |
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| Steven Boyd |
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