Actelis Networks reports developments in cyber-hardened, rapid-deployment networking solutions for IoT and broadband applications. Company news centers on hybrid fiber-copper and hybrid-fiber Ethernet deployments that use existing infrastructure to extend fiber-grade connectivity across intelligent transportation systems, rail networks, defense sites, utilities, telecom and other critical-infrastructure environments.
Recurring updates include new and follow-on customer orders, municipal and state transportation projects, trackside network expansions, federal and defense deployments, and changes in the trading venue for ASNS common stock, including its move to the OTCQB Venture Market.
Actelis Networks (NASDAQ: ASNS) announced the completion of its upsized initial public offering, selling 4,212,500 shares at $4.00 each, raising approximately $15.4 million in net proceeds. The funds will be allocated mainly towards research and development, sales and marketing, and working capital. Shares began trading on Nasdaq on May 13, 2022. Boustead Securities, LLC acted as the sole underwriter.
Actelis Networks, Inc. (NASDAQ:ASNS) announced the pricing of its initial public offering (IPO) of 3,750,000 shares at $4.00 each, aiming for total gross proceeds of $15 million. Boustead Securities, LLC serves as the sole underwriter. The shares are set to trade on the Nasdaq Capital Market starting May 13, 2022. Additionally, Boustead has a 45-day option to purchase an extra 562,500 shares. Proceeds from the offering will primarily support research and development, sales and marketing, and general corporate activities.