Actelis Networks Files $50 Million Mixed Securities Shelf; Shares Fall After Hours

MT Newswires Live09-19

Actelis Networks (ASNS) filed a shelf registration statement with the US Securities and Exchange Commission Wednesday covering the potential sale of up to $50 million of securities from time to time in one or more offerings.

The statement covers common stock, debt securities, warrants, and units.

The company said it plans to use the net proceeds from any sale of the securities for working capital, repayment of trade payables, mergers and acquisitions, and general corporate purposes.

Actelis shares were down 1.2% in after-hours activity.

Price: 1.6300, Change: -0.02, Percent Change: -1.21

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