Actelis networks, inc. announces pricing of its initial public offering

Fremont, calif., may 13, 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 pricing of its initial public offering of 3,750,000 shares of its common stock (the “common stock”) at a public offering price of $4.00 per share, for aggregate gross proceeds of $15.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses. boustead securities, llc (“boustead”) is acting as the sole underwriter for the offering. the shares of common stock are expected to begin trading on the nasdaq capital market as of today, may 13, 2022, under the symbol “asns”.
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