Actelis Networks closed private placement raising $1 million with potential additional $3 million

From GlobeNewswire: 2025-07-03 13:05:00

Actelis Networks, Inc. (NASDAQ: ASNS) announced the closing of a private placement for the issuance and sale of 1,626,019 shares of common stock, along with warrants, at a price of $0.615 per share. The aggregate gross proceeds were approximately $1 million, with potential additional gross proceeds of $3 million from the warrants. The Company intends to use the net proceeds for general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The securities were offered in a private placement under applicable regulations and have not been registered under the Securities Act of 1933.

The warrants have an exercise price of $0.615 per share and will be exercisable upon shareholder approval. The Series A-3 warrants will expire five years from approval and the short-term Series A-4 warrants will expire in eighteen months. The Company plans to file registration statements with the SEC for the resale of unregistered securities issued in the offering. Actelis Networks, Inc. is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for wide-area IoT applications. Through its “Cyber Aware Networking” initiative, Actelis provides AI-based cyber monitoring and protection for all edge devices.



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