Actelis special meeting fails quorum; no vote on ELOC share cap increase

ACTELIS NETWORKS INC

Special meeting Jan 29 lacked quorum (479,098 shares present; one-third required).
Proposal to approve share issuance above 19.99% Exchange Cap under ELOC with White Lion Capital not voted.
Company must call another meeting within 90 days; no shares issuable under ELOC until approval.
Failure delays capital raise via ELOC Purchase Agreement signed October 2, 2025.

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