ASNS - Why Actelis Networks (ASNS) Shares Are Trading Lower | Benzinga

Actelis Networks Inc (NASDAQ:ASNS) shares are trading lower by 14.3% to $1.98 during Monday’s session after the company announced a $2.25 million capital raise through warrant exercise and new warrants issuance.

What Happened?

Actelis announced a definitive agreement for the immediate exercise of certain Series A-2 warrants to purchase up to 999,670 shares of common stock at $2.00 per share, originally issued in June 2024. The exercise is expected to generate approximately $2.25 million in gross proceeds for the company.

In return for the immediate exercise, Actelis will issue new unregistered warrants to purchase up to 1,999,340 shares of common ...

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