Actelis Networks (ASNS) Registration filing summary

Company overview and business model

• Provides cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications, targeting government, military, utility, rail, telecom, and campus sectors.

• Offers hybrid fiber and copper networking, enabling cost-effective, secure, and quick network deployments, especially in hard-to-reach locations.

• Solutions include aggregation switches, Ethernet devices, management software, and cyber-protection, with the ability to deliver both data and power over existing lines.

• Shifted focus from telecom service providers to wide-area IoT and federal markets, introducing cyber-aware networking solutions in 2024.

Financial performance and metrics

• As of July 1, 2026, 25,836,000 shares of common stock were outstanding.

• Raised approximately $4.7 million through an ATM facility before delisting from Nasdaq.

• Repurchased 2,674,709 shares under a stock repurchase program, with a maximum aggregate purchase price of $1.5 million.

Use of proceeds and capital allocation

• May receive up to $30 million in gross proceeds from White Lion under the ELOC Purchase Agreement, depending on shares sold and market price.

• Management has broad discretion over use of proceeds, which may include general corporate purposes and investments in short-term securities.