Actelis Networks Inc

Actelis Networks Inc (ASNS) priced its initial public offering on May 16, 2022 at $4.00 per share, within its $4.00–$6.00 range, raising $15M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $67.5M. Boustead was lead-left underwriter. Pearl Cohen Zedek Latzer Baratz and McDermott Will & Emery advised the company and Bevilacqua advised the underwriters.

Actelis Networks Inc is a networking solutions company providing communications for Internet of Things projects over wide areas such as cities, campuses, airports, military bases, roads and rail. Its hybrid fiber-copper solutions combine new fiber with existing copper and coaxial lines.

Status

IPO

Ticker

ASNS

Exchange

Nasdaq Capital Market

Priced

May 16, 2022

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$15M

Market cap at IPO price

$67.5M

First filed

Apr 15, 2022

Underwriters

Boustead

Company counsel

Pearl Cohen Zedek Latzer Baratz and McDermott Will & Emery

Underwriters' counsel

Bevilacqua

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.