secwatch.observer — SEC 8-K summary
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Issuer:     ACTELIS NETWORKS INC (ASNS)
CIK:        0001141284
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001213900-24-014088
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Actelis Networks subsidiary enters $1.5M credit facility with Bank Mizrahi-Tefahot
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- Credit facility of $1.5M from Bank Mizrahi-Tefahot, secured by customer invoices, expiring Dec 27, 2024.
- Interest rate is Federal SOFR plus 5.5% annually on drawn amounts.
- Draw conditions: outstanding ≤80% of open invoices; invoices payable within 90 days; no single customer >30% of borrowed amount.
- Partial early repayment of Migdalor loan of ILS 2M (~$550k) to allow Mizrahi first priority charge on customer invoices.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024014088/0001213900-24-014088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141284/000121390024014088/ea193785-8k_actelis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-014088

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