02:22 PM EDT, 09/02/2025 (MT Newswires) -- Actelis Networks ( ASNS ) said Tuesday it entered a deal to immediately exercise outstanding warrants for about 4.3 million shares at a reduced price of $0.37 per share.

The company said the warrants were originally issued between December 2023 and July 2024 with exercise prices ranging from $1.18 to $2 per share.

Gross proceeds from the warrant exercises are expected to total about $1.6 million, which Actelis plans to use for working capital and general purposes, it added.

Actelis said the transaction is expected to close by Wednesday, subject to customary conditions.

As part of the transaction, Actelis said it will issue new unregistered warrants to purchase up to 6.4 million shares at $0.37 per share.

The new warrants will become exercisable after shareholder approval, with expirations set at either two or five years, depending on the tranche, the company said.

Shares of the company were up past 10% in recent trading.

Price: 0.40, Change: +0.04, Percent Change: +10.33