Actelis signs binding term sheet to acquire Exaware in all-stock deal

Reuters03-24

Actelis signs binding term sheet to acquire Exaware in all-stock deal

Actelis entered a binding term sheet to acquire 100% of Exaware in an all-stock transaction.
The agreed post-transaction value ratio is approximately 40% for Actelis and 60% for Exaware, subject to third-party valuation and adjustments.
At closing, Exaware shareholders are expected to receive 19.9% of Actelis’ outstanding common stock, with the remainder issued as non-voting preferred shares convertible to common stock.
The parties are targeting a closing by May 7, 2026, subject to execution of a definitive agreement and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actelis Networks Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603240910PRIMZONEFULLFEED9677546) on March 24, 2026, and is solely responsible for the information contained therein.

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