Actelis networks, inc. announces closing of initial public offering and partial exercise of over-allotment option by underwriter

Fremont, calif., may 17, 2022 (globe newswire) -- actelis networks, inc. (nasdaq: asns) (“actelis” or the “company”), a provider of cyber-hardened, rapid-deployment networking solutions for wide-area iot networks, today announced the closing of its upsized underwritten initial public offering of an aggregate of 4,212,500 shares of common stock, including the partial exercise by the underwriter of its option to purchase 462,500 additional shares of common stock, at a price to the public of $4.00 per share.
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