Actelis Networks at risk of Nasdaq delisting; raises $850K to meet equity rule

ACTELIS NETWORKS INC

Received Nasdaq Staff notice on Aug 19, 2025 for non-compliance with $2.5M stockholders' equity requirement as of June 30, 2025.
Held recent hearing before Nasdaq Hearing Panel to present compliance plan; outcome uncertain.
Closed private placement on Sep 29, 2025 raising ~$850K gross proceeds; also secured $30M ELOC.
Company believes equity now exceeds $2.5M; awaiting Nasdaq confirmation; risk of delisting if next periodic report shows non-compliance.

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