Actelis Networks (NASDAQ: ASNS) expands at-the-market stock program by $12M
Rhea-AI Filing Summary
Actelis Networks, Inc. updated its at-the-market equity program, filing a new prospectus supplement that increases the aggregate offering price of its common stock that may be offered and sold under its At-the-Market Offering Agreement with H.C. Wainwright & Co., LLC by $12,000,000. The agreement, originally entered into on September 25, 2024, has an effectiveness period running from September 25, 2024 until September 24, 2027. Any offers and sales under this program may be made pursuant to the company’s effective Form S-3 shelf registration statement and related prospectus, as supplemented by multiple prospectus supplements, including the current one dated January 9, 2026, and the company is under no obligation to sell any shares during the effectiveness period.
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FAQ
What did Actelis Networks (ASNS) disclose in this 8-K filing?
Actelis Networks disclosed that it filed an updated prospectus supplement dated January 9, 2026, which increases the aggregate offering price of its common stock that may be sold under its existing At-the-Market Offering Agreement by $12,000,000.
What is the size of the new at-the-market capacity increase for Actelis Networks?
The company increased the aggregate offering price of its common stock that may be offered and sold under the At-the-Market Offering Agreement by $12,000,000.
Which firm acts as sales agent under Actelis Networks' At-the-Market Offering Agreement?
The At-the-Market Offering Agreement for Actelis Networks’ common stock is with H.C. Wainwright & Co., LLC.
Over what period is Actelis Networks' At-the-Market Offering Agreement effective?
The At-the-Market Offering Agreement has an effectiveness period from September 25, 2024 until September 24, 2027.
Is Actelis Networks required to sell shares under the At-the-Market Offering Agreement?
No. The company states that it is under no obligation to sell common stock under the At-the-Market Offering Agreement during the effectiveness period.
What registration statement covers Actelis Networks' at-the-market offering?
Offers and sales of common stock under the At-the-Market Offering Agreement may be made pursuant to Actelis Networks’ shelf registration statement on Form S-3 (File No. 333-282199) and the related prospectus, as supplemented by prospectus supplements dated September 25, 2024, March 3, 2025, and January 9, 2026.
What key legal exhibit is included with this Actelis Networks 8-K?
The filing includes as Exhibit 5.1 the opinion of Greenberg Traurig, LLP regarding the legality of the shares of common stock issuable under the At-the-Market Offering Agreement and covered by the current prospectus supplement, along with a related consent in Exhibit 23.1.