Actelis Networks (ASNS) Announces Closing of Private Placement
Get Alerts ASNS Hot Sheet
Join SI Premium – FREE
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.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deere conference call: 2027 orders up mid-single digits from last year)
- Cascades to redeem $100M of senior notes due 2028
- Treasure Global sells shares in two deals worth $6.6M total
Create E-mail Alert Related Categories
Corporate News, Equity OfferingsRelated Entities
Maynard Um, H.C. Wainwright, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share