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 high-speed, secure connectivity to hard-to-reach locations without full fiber replacement.

• Focuses on cyber-secure solutions with triple-shield data protection and encrypted management software, targeting IoT and 5G deployments.

• Shifted from serving telecom providers to targeting wide-area IoT, federal, and DoD markets, with recent product launches for IoT.

Financial performance and metrics

• Reported net losses of $5.7 million for the nine months ended September 30, 2025, and $2.6 million for the same period in 2024.

• Accumulated deficit of $50 million as of September 30, 2025.

• Cash and cash equivalents projected at $5.97 million post-offering (assuming maximum raise).

• Pro forma net tangible book value per share post-offering estimated at $2.80, with immediate dilution of $0.25 per share to new investors.

Use of proceeds and capital allocation

• Net proceeds (estimated at $4.46 million if fully subscribed) intended for general corporate purposes, with management retaining broad discretion over allocation.

• Proceeds may be invested in capital preservation instruments pending use.

• Capital raised expected to support operations through Q2 2027 if maximum proceeds are received.