Actelis Networks Announces $30 Million Equity Line of Credit Agreement with White Lion Capital for Potential Common Stock Offering
Actelis Networks Inc. has entered into a common stock purchase agreement with White Lion Capital LLC, allowing the company to sell up to $30 million in newly issued common shares. Under the agreement, Actelis has the right, but not the obligation, to require White Lion to purchase shares over time, subject to certain limitations. The maximum number of shares issuable without further shareholder approval is capped at 19.99% of Actelis's outstanding common stock as of the agreement's effective date. Actelis will seek shareholder approval to issue shares beyond this cap at a special meeting within 120 days. The company will also file a registration statement with the SEC to cover the potential resale of shares issued to White Lion. If Actelis loses its Nasdaq Capital Market listing during the agreement term, it may incur additional commitment fees under specified timelines.
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: 0001213900-25-095449), on October 02, 2025, and is solely responsible for the information contained therein.
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