Corporate ActionJul 1, 2026, 04:57 PM
Actelis Networks Amends Equity Line, Issues 9.85M Shares/Warrants
AI Summary
Actelis Networks Inc. amended its common stock purchase agreement with White Lion Capital LLC on July 1, 2026, following its delisting from the Nasdaq Capital Market in April 2026. Under the amendment, Actelis will issue an aggregate of 9,850,000 shares of common stock to White Lion, comprising direct shares, pre-funded warrants, and common warrants. This issuance is in exchange for White Lion's rights under previous commitment share provisions and a delisting penalty. The amendment also modifies the purchase notice mechanisms to allow the company to utilize the equity line more effectively while delisted.
Key Highlights
- Amended common stock purchase agreement with White Lion Capital LLC on July 1, 2026.
- Company delisted from Nasdaq Capital Market on April 10, 2026.
- Issued 9,850,000 shares of common stock to White Lion Capital.
- Includes 3,000,000 direct shares and 6,850,000 shares underlying warrants.
- Amendment Commitment Pre-Funded Warrants exercise price is $0.0001 per share.
- Amendment Commitment Common Warrants exercise price is $0.20 per share.
- Removed Delisting Purchase Notice Mechanism, replaced with amended mechanisms.
Price Impact
More from ASNS