Actelis Networks Announces Warrant Exercise for $1.6 Million in Gross Proceeds

Core Viewpoint - Actelis Networks, Inc. has entered into a definitive agreement for the immediate exercise of certain outstanding warrants, allowing the purchase of 4,270,197 shares at a reduced exercise price of $0.37 per share, which is significantly lower than the original prices ranging from $1.18 to $2.00 per share [1][2]. Group 1 - The gross proceeds from the exercise of the existing warrants are expected to be approximately $1.6 million, which will be used for working capital and general corporate purposes [2]. - The company will issue new unregistered warrants to purchase up to 6,405,296 shares at an exercise price of $0.37 per share, with different expiration terms based on the number of shares [3]. - The new warrants have not been registered under the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [4]. Group 2 - Actelis Networks is recognized as a market leader in hybrid fiber-copper networking solutions, particularly for IoT applications across various sectors including government, military, and telecom [6]. - The company emphasizes its "Cyber Aware Networking" initiative, which provides AI-based cyber monitoring and protection for edge devices, enhancing network security [6].