Actelis Networks, Inc. SEC Filings

Actelis Networks, Inc. (ASNS) reported continuing losses and limited liquidity in its Form 10-Q. For the six months ended June 30, 2025, GAAP net loss was $3.761 million compared with $2.064 million a year earlier; operating loss was $3.585 million versus $1.805 million. The company recorded negative cash flows from operations of $3.218 million for the six months ended June 30, 2025 (vs. $2.343 million in 2024) and an accumulated deficit of $48 million. Cash and restricted cash equivalents total about $0.7 million, with additional short-term restricted deposits of $71 thousand and longer-term deposits of $30–93 thousand. Management states it has funded operations with equity and debt, completed ATM/placement offerings raising approximately $1.75 million and $0.35 million (gross), and is taking cost-reduction measures. Management also concluded there is substantial doubt about the company’s ability to continue as a going concern for at least one year. A Nasdaq Notification Letter was received but has no immediate effect and the common stock continues to trade under ASNS.

Actelis Networks held its 2025 Annual Meeting on August 12, 2025. As of the June 13, 2025 record date there were 9,246,641 shares outstanding and 3,730,911 shares (about 40.3%) were represented in person or by proxy. Stockholders elected Class III director Tuvia Barlev to a three-year term with 1,081,044 votes in favor and 74,215 abstentions; there were 2,575,652 broker non-votes on that matter. Shareholders ratified Kesselman & Kesselman as the independent registered public accounting firm for the fiscal year ending December 31, 2025 with 3,649,705 votes for, 57,808 against and 23,398 abstaining. The Actelis 2025 Equity Incentive Plan was approved with 763,915 votes for, 229,593 against, 161,751 abstentions and 2,575,652 broker non-votes. A proposal to adjourn, if needed, was withdrawn after these proposals were adopted.

Actelis Networks announced the appointment of Mark DeVol as Chief Revenue Officer, Americas. The company furnished a press release about the appointment as Exhibit 99.1 and incorporated that exhibit by reference into this report.

The filing states the information and the attached press release are "furnished" and not "filed" for purposes of Section 18 of the Exchange Act, and therefore are not subject to the liabilities of that section or incorporated by reference in other filings except as expressly stated. The report is signed by Chief Executive Officer Tuvia Barlev.

Form 8-K Item 7.01 (Reg FD) discloses that Actelis Networks, Inc. has approved a cryptocurrency treasury strategy. The related press release (Ex. 99.1) states that management believes holding digital assets will diversify the Company’s balance sheet and support long-term shareholder value. No dollar amounts, timing details, or specific cryptocurrencies were provided, and the filing contains no financial statements or earnings data.

The disclosure is furnished, not filed, so it is not incorporated into Actelis’ Securities Act liability framework. Management reminds investors that forward-looking statements are subject to risk and directs stakeholders to monitor the Company’s website, SEC filings, and other channels for material updates.

• Symbol: ASNS (Nasdaq Capital Market)
• Date of board approval / press release: 06 Aug 2025
• Key purpose: Balance-sheet diversification via digital assets
• No impact on existing debt, equity, or guidance disclosed.

Actelis Networks (NASDAQ:ASNS) filed Definitive Additional Proxy Materials (DEFA14A) for its virtual 2025 annual meeting on August 12, 2025 at 10:00 a.m. EDT. The notice lists three routine items:

• Election of Class III director Tuvia Barlev through 2028
• Ratification of Kesselman & Kesselman (PwC Israel) as independent auditor for FY 2025
• Approval of the 2025 Equity Incentive Plan