Actelis Networks Inc. has closed a private placement of its common stock and pre-funded warrants with White Lion Capital LLC, raising approximately $850,000 in gross proceeds. The company also entered into an equity line of credit agreement for up to $30 million, effective for 36 months. With this capital raise, Actelis Networks believes it now meets the Nasdaq Capital Market's $2.5 million minimum stockholders' equity requirement and is awaiting confirmation of compliance from Nasdaq.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actelis Networks Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-099539), on October 16, 2025, and is solely responsible for the information contained therein.