Actelis Quantifies White Lion Amendment: 9.85M Securities Issued to Settle Delisting Penalty
ASNS sits 47% above its 52-week low of $0.03.
Summary
Actelis Networks' 10-Q quantifies the July 1 White Lion amendment: 9.85 million securities issued to settle delisting penalties, including 3 million common shares and 6.85 million warrants with exercise prices as low as $0.0001.
Key Events · Financing and Capital Events · ASNS
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White Lion Amendment Quantified
Actelis issued 9,850,000 Amendment Commitment Securities to White Lion on July 1, 2026: 3,000,000 common shares, 3,850,000 pre-funded warrants, and 3,000,000 common warrants, in exchange for terminating the remaining ELOC commitment and delisting penalty fees.
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Warrant Terms Revealed
The common warrants have a $0.20 exercise price and become exercisable only upon listing on an Eligible Market; the pre-funded warrants have a $0.0001 exercise price and become exercisable upon a reverse stock split or shareholder approval of an authorized share increase.
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Dilution Overhang
The 3,000,000 common shares represent an immediate 11.6% increase over the 25,837,246 shares outstanding as of June 30, 2026, with up to 6,850,000 additional shares potentially issuable upon warrant exercise.
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Going Concern Warning Reiterated
The 10-Q repeats the going concern warning: management has determined the company does not have sufficient resources to meet its operating obligations for at least one year from the issuance date.
Analysis · ASNS · Manufacturing
The 10-Q reveals the exact terms of the July 1, 2026 Exchange and Amendment Agreement with White Lion Capital. Actelis agreed to issue 9,850,000 Amendment Commitment Securities — 3,000,000 common shares, 3,850,000 pre-funded warrants, and 3,000,000 common warrants — in exchange for terminating the remaining ELOC commitment and delisting penalty fees. The common warrants carry a $0.20 exercise price and only become exercisable upon relisting on an Eligible Market, while the pre-funded warrants have a $0.0001 exercise price and become exercisable upon a reverse split or authorized share increase. This is a highly dilutive settlement that converts a cash liability into a massive overhang of potential future shares, and it comes as the company remains delisted from Nasdaq and under a going concern warning.
At the time of this filing, ASNS was trading at $0.04 on OTC in the Manufacturing sector, with a market capitalization of approximately $1.1M. The 52-week trading range was $0.03 to $86.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.