Actelis Files S-1 for 15.85M Shares; Delisted from Nasdaq
Actelis Networks filed a new S-1 registration statement to re-register 6 million unsold shares and register an additional 9.85 million shares, totaling up to 15,850,000 shares, for resale by White Lion Capital, LLC under an amended Equity Line of Credit (ELOC) Purchase Agreement. The company was delisted from Nasdaq on April 10, 2026, due to not meeting the minimum bid price rule after a 1-for-10 reverse stock split in November 2025, and its common stock now trades on the OTCQB Venture Market. Actelis may receive up to $30.0 million from White Lion through the ELOC, but the issuance of shares will cause substantial dilution. Additionally, the company terminated its binding term sheet to acquire Exaware Routing Ltd., opting instead for a business collaboration MOU, and expanded its share repurchase program to $1.5 million.
Key Highlights
- Actelis filed a new S-1 to register up to 15,850,000 shares for resale by White Lion Capital, LLC.
- The company was delisted from Nasdaq on April 10, 2026, and now trades on the OTCQB Venture Market under "ASNS".
- Actelis may receive up to $30.0 million in gross proceeds from White Lion under the ELOC Purchase Agreement.
- The binding term sheet to acquire Exaware Routing Ltd. was terminated, replaced by a business collaboration MOU.
- The Board expanded the share repurchase program to $1.5 million, with 2,674,709 shares repurchased to date.
- A 10-for-1 reverse share split was effected on November 18, 2025.
- The common stock closed at $0.0721 per share on OTCQB on June 30, 2026.
- Shareholders approved another reverse stock split (1-for-10 to 1-for-2025) for potential Nasdaq uplisting.
Price Impact
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