Tag: Nasdaq:ASNS

FREMONT, Calif, July 01, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced that it has entered into definitive agreements for the issuance and sale of 1,626,019 shares of its common stock, Series A-3 warrants to purchase up to an aggregate of 1,626,019 shares of common stock and short-term Series A-4 warrants to purchase up to an aggregate of 3,252,038 shares of common stock, at a purchase price of $0.615 per share and associated warrants in a private placement priced at-the-market under Nasdaq rules.

Company is in the process of AI integration with the aim of faster market capture and more efficient operation

Order represents the first deployment of Actelis' advanced GigaLine solutions with major US telecom carrier, demonstrating growing market recognition of the Company’s innovative ultra-low-power hybrid-fiber technology in the MDU market; Order lays the ground for potential significant expansion and followon orders

Strategic federal initiative includes appointment of Jason Chasse, a US Federal and Military sales veteran with over 30 years of experience, as Director of Federal Sales.