Actelis Networks Announces $1.5M Private Placement Of 1,271,187 Shares Of Common Stock And Warrants At $1.18/Share And Associated Warrant
Portfolio Pulse from Benzinga Newsdesk
Actelis Networks has announced a private placement offering of 1,271,187 shares of common stock and associated warrants at $1.18 per share, with expected gross proceeds of approximately $1.5 million. The offering is anticipated to close around December 20, 2023, and the net proceeds are intended for working capital and general corporate purposes.
December 18, 2023 | 1:40 pm
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Actelis Networks is raising $1.5 million through a private placement of shares and warrants, which may dilute current shareholders but provide necessary capital for the company's operations and growth.
The private placement is a common way for companies to raise capital. While it provides necessary funds, it can also lead to dilution of existing shares. However, the impact on the stock price can be neutral in the short term as the benefits of increased capital might offset the dilution effect.
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