Actelis Networks (ASNS) Registration Filing summary

Company overview and business model

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

• Offers hybrid fiber and copper networking, enabling cost-effective, secure, and quick-to-deploy networks, especially for hard-to-reach locations.

• Focuses on cyber-secure solutions with Triple-Shield protection and is developing AI-powered SaaS for network-wide cyber protection.

• Transitioned from serving telecom providers to focusing on fast-growing IoT markets, while maintaining legacy Telco business.

• Headquarters in Fremont, California, with significant R&D and operations in Israel.

Financial performance and metrics

• Aggregate market value of outstanding common equity held by non-affiliates is approximately $10.4 million as of September 17, 2024.

• 5,780,864 shares of common stock outstanding held by non-affiliates at a per share price of $1.80 as of August 29, 2024.

Use of proceeds and capital allocation

• Net proceeds intended for working capital, repayment of trade payables, mergers and acquisitions, and general corporate purposes.

• Management retains broad discretion over allocation of proceeds, with specific uses to be detailed in future prospectus supplements.