Actelis Networks, Inc. Common Stock
ASNSActelis Networks, Inc. is a provider of high-speed Ethernet over Copper (EoC) systems designed to deliver reliable connectivity for enterprise, service provider, and government networks. The company's solutions enable secure, high-performance broadband access over existing copper infrastructure, supporting applications such as Ethernet services, backhaul, and network extension.Founded in 1997, Actelis specializes in leveraging advanced technologies to enhance bandwidth and reach in legacy cabling environments, facilitating scalable and cost-effective network deployments.
Company News
Actelis Networks announced a public offering of 6,250,000 shares of common stock and associated warrants, expecting to raise $5 million for general corporate purposes, with H.C. Wainwright & Co. acting as the exclusive placement agent.
Actelis Networks plans to issue 1,626,019 shares of common stock and warrants in a private placement, expecting to raise approximately $1 million, with potential additional proceeds of $3 million from warrant exercises.
US stock futures traded higher on Wednesday, with the S&P 500 and Nasdaq 100 indices turning positive for the year. Analysts noted a bullish signal in the market, with over 60% of S&P 500 components reaching new 20-day highs, which has historically been followed by strong performance.
US stock futures traded lower on Wednesday, but the S&P 500 and Nasdaq 100 indices turned positive for the year after Tuesday's advance. Analysts noted a bullish signal in the market, with over 60% of S&P 500 components reaching new 20-day highs, which has historically been followed by strong performance.
Actelis Networks reported strong Q2 2024 results, with 372% sequential revenue growth, 81% year-over-year increase, and positive EBITDA, highlighting the company's execution and financial discipline.
