Actelis networks announces 1-for-10 reverse stock split to aid compliance with nasdaq listing requirements

Fremont, calif., april 19, 2023 (globe newswire) -- actelis networks, inc. (nasdaq: asns) (“actelis” or the “company”), a market leader in cyber-hardened, rapid deployment networking solutions for wide area iot applications, announced that on april 18, 2023, the company filed a certificate of amendment to the twenty fourth amended and restated certificate of incorporation of the company with the secretary of state of the state of delaware to affect a 1-for-10 reverse stock split (the “reverse stock split”) of the shares of the company's common stock (the “common stock”). the common stock began trading on a reverse stock split-adjusted basis on the nasdaq capital market on april 19, 2023.
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