Actelis Networks raises ~$1.6M via warrant exercise; issues new warrants at $0.37/sh

ACTELIS NETWORKS INC

Holder exercised 4,270,197 existing warrants at reduced price of $0.37/sh, yielding ~$1.6M gross.
Company issued new warrants to purchase up to 6,405,296 shares at $0.37/sh; exercisable after stockholder approval.
Outstanding shares increased from 11,292,114 to 12,545,117 after closing due to warrant exercise.
Financial advisors Rodman & Renshaw and H.C. Wainwright; fees 8% of gross plus placement agent warrants.

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