ASNS - Why Actelis Networks (ASNS) Stock Is Down 37% | Benzinga

Actelis Networks shares are trading lower by 39% during Thursday's session. The company announced an agreement for the immediate exercise of certain outstanding warrants.

Actelis Networks Inc (NASDAQ:ASNS) shares are trading lower by 37% to $2.34 during Thursday’s session after the company announced an agreement for the immediate exercise of certain outstanding warrants for gross proceeds of $3 million.

What Happened?

Actelis announced a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to 999,670 shares of common stock at $2.75 per share, initially issued in May and September 2023.

This exercise is expected to generate approximately $3 million in gross proceeds, before fees and expenses. H.C. Wainwright & Co. is the exclusive placement agent for the offering.

In return for the immediate ...

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