Actelis Networks closed a private placement, raising $1 million through shares and warrants for general corporate purposes.
Quiver AI Summary
Actelis Networks, Inc. announced the completion of a private placement of 1,626,019 shares of common stock along with warrants for a total gross proceeds of approximately $1 million. The placement was priced at $0.615 per share, and includes Series A-3 warrants, which expire in five years, and short-term Series A-4 warrants, which expire in eighteen months. The proceeds will be used for general working capital purposes. The securities were offered to accredited investors under Regulation D and have not been registered, yielding potential additional proceeds of about $3 million if the warrants are fully exercised. Actelis is known for its cyber-hardened networking solutions for IoT and broadband applications.
Potential Positives
- The closing of the private placement resulted in approximately $1 million in gross proceeds, which can strengthen the company's financial position.
- Potential additional proceeds of approximately $3 million from the warrants, if exercised, could further enhance the company's working capital.
- The press release indicates a positive market response, as the placement was priced at-the-market under Nasdaq rules, suggesting investor interest and confidence.
- The commitment to file registration statements with the SEC for the resale of securities demonstrates transparency and adherence to regulatory requirements, which can foster investor trust.
Potential Negatives
- The private placement proceeds of approximately $1 million may indicate liquidity issues or a need for immediate capital, which could raise concerns among investors about the company's financial health.
- The issuance of warrants and the necessity for shareholder approval can create uncertainty regarding the future ownership structure and may dilute existing shareholders' equity if exercised.
- The offering was conducted under unregistered securities, which limits the company's ability to sell these securities without further regulatory compliance, potentially affecting future fundraising efforts.
FAQ
What was announced in the press release from Actelis Networks?
Actelis Networks announced the closing of a private placement involving common stock and warrants, raising approximately $1 million.
How many shares and warrants were sold in the offering?
The offering included 1,626,019 shares of common stock and Series A-3 and A-4 warrants.
What is the purchase price for the shares and warrants?
The purchase price was set at $0.615 per share and associated warrants.
What will the proceeds from the offering be used for?
The net proceeds will be used as working capital for general corporate purposes.
Who were the investors eligible to participate in this offering?
The securities were offered only to accredited investors as per SEC regulations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ASNS Hedge Fund Activity
We have seen 4 institutional investors add shares of $ASNS stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 25,135 shares (-87.3%) from their portfolio in Q1 2025, for an estimated $18,843
- NORTHERN TRUST CORP removed 17,433 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $13,069
- CIBC WORLD MARKET INC. added 10,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $7,497
- TOWER RESEARCH CAPITAL LLC (TRC) added 5,170 shares (+152.0%) to their portfolio in Q1 2025, for an estimated $3,875
- BANK OF AMERICA CORP /DE/ removed 3,208 shares (-98.6%) from their portfolio in Q1 2025, for an estimated $2,405
- GEODE CAPITAL MANAGEMENT, LLC added 2,536 shares (+5.2%) to their portfolio in Q1 2025, for an estimated $1,901
- MORGAN STANLEY added 400 shares (+inf%) to their portfolio in Q1 2025, for an estimated $299
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Full Release
FREMONT, Calif, July 03, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced the closing of its previously announced private placement priced at-the-market under Nasdaq rules for the issuance and sale of 1,626,019 shares of its common stock, Series A-3 warrants to purchase up to an aggregate of 1,626,019 shares of common stock and short-term Series A-4 warrants to purchase up to an aggregate of 3,252,038 shares of common stock, at a purchase price of $0.615 per share and associated warrants.
The warrants have an exercise price of $0.615 per share and will be exercisable commencing on the effective date of shareholder approval of the issuance of the shares issuable upon exercise of the warrants. The Series A-3 warrants will expire five years from the date of shareholder approval and the short-term Series A-4 warrants will expire eighteen months from the date of shareholder approval.
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The aggregate gross proceeds to the Company from the offering were approximately $1 million, before deducting placement agent fees and other offering expenses. The potential additional gross proceeds to the Company from the warrants, if fully-exercised on a cash basis, will be approximately $3 million. No assurance can be given that any of such warrants will become exercisable or will be exercised. The Company intends to use the net proceeds from the offering as working capital for general corporate purposes.
The securities described above were offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Act”) and Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants sold in the offering, have not been registered under the Act or applicable state securities laws. Accordingly, such securities may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement, the Company has agreed to file one or more registration statements with the SEC covering the resale of the unregistered securities to be issued in the offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its "Cyber Aware Networking" initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit www.actelis.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements, and include statements regarding the use of proceeds from the offering, the receipt of shareholder approval for the warrants and the exercise of the warrants prior to their expiration. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control), including, but not limited to, market and other conditions, and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Contact:
ARX | Capital Markets Advisors
North American Equities Desk
[email protected]