secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001213900-23-097390
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Actelis Networks closes $1.5M private placement of stock and warrants
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- Sold 1,271,187 shares (or pre-funded warrants) and 1,271,187 warrants at $1.18/unit for gross proceeds ~$1.5M.
- Warrants exercisable at $1.18 per share after shareholder approval, expire in 5.5 years.
- Also agreed to amend existing May 2023 warrants (999,670 shares) from $2.75 to $1.18 per share, subject to approval.
- Proceeds used for working capital and general corporate purposes; closing occurred December 20, 2023.
- Placement agent H.C. Wainwright received 7% cash fee and warrants to buy 88,983 shares at $1.475.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390023097390/0001213900-23-097390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390023097390/ea190433-8k_actelis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097390

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