Actelis Networks (ASNS) Exercises $3M in Warrants

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Go back to Actelis Networks (ASNS) Exercises $3M in Warrants

Actelis Announces Exercise of Warrants for $3 Million Gross Proceeds

June 5, 2024 4:05 PM EDT

FREMONT, Calif., June 05, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (Actelis or the Company), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 999,670 shares of common stock of the Company originally issued in May 2023 and September 2023 having an exercise price of $2.75 per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective registration statement on Form S-1 (No.... More