other material
confidence high
sentiment neutral
materiality 0.65
Actelis Networks enters $30M equity line with White Lion Capital and completes $850K PIPE
ACTELIS NETWORKS INC
- Equity line allows Actelis to sell up to $30M of common stock to White Lion at 97.5% of VWAP or prior close.
- Commitment fee of $750,000 paid in shares; delisting penalty could increase fee to $1.5M.
- PIPE raised ~$850,000 via 871,766 shares at $0.2125 and pre-funded warrants for 3,128,234 shares at $0.2124.
- Company must call shareholder meeting within 120 days to approve issuance above 19.99% exchange cap.
- Resale registration statement must be effective by Oct 31, 2025, with monthly penalty shares for delay.