Actelis Networks Announces $30 Million Equity Line of Credit Agreement with White Lion Capital for Potential Common Stock Offering
Reuters
Oct 03, 2025
<a href="https://laohu8.com/S/ASNS">Actelis Networks</a> 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.
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