Actelis networks announces warrant exercise for $1.6 million in gross proceeds

Fremont, calif., sept. 02, 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, announced today the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase an aggregate of 4,270,197 shares of the company's common stock originally issued by the company in december 2023, june 2024 and july 2024, at original exercise prices ranging from $1.18 to $2.00 per share, at a reduced exercise price of $0.37 per share. the resale of the shares of common stock issuable upon the exercise of the existing warrants has been registered pursuant to effective registration statements on form s-1 (file nos. 333-276425, 333-280434 and 333-281079). in addition, the company will issue new warrants, as described below. the closing of the warrant exercise transaction is expected to occur on or about september 3, 2025, subject to satisfaction of customary closing conditions.
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