ACTELIS NETWORKS INC 8K

Actelis Networks reported Q1 2026 results with 33% revenue growth but continued losses, disclosed its April 2026 transition from Nasdaq to OTCQB and shareholder-approved reverse split, strengthened liquidity via ATM equity issuance, and announced a binding all-stock term sheet to acquire Exaware Routing Ltd.

Actelis Networks, Inc. reported its financial results for the quarter ended March 31, 2026, highlighting 33% year-over-year revenue growth to $0.96 million driven by increased deliveries to intelligent transportation systems, telecom, and U.S. federal customers, while gross margin declined due to an unusually low-margin U.S. deal and foreign exchange impacts. The company detailed ongoing cost-discipline efforts including relocation of Israeli operations, closure of its Fremont, California office, and outsourcing of U.S. logistics and labs, which kept operating expenses roughly flat despite FX headwinds, but it still posted a net loss of $2.46 million and an adjusted EBITDA loss of $1.79 million. Actelis also disclosed that its common stock was suspended from trading on Nasdaq on April 10, 2026 and moved to the OTCQB Venture Market, with shareholders having approved a reverse stock split on April 13, 2026 as part of efforts to pursue relisting on Nasdaq. In addition, the company announced a binding term sheet dated March 24, 2026 to acquire 100% of Israel-based Exaware Routing Ltd. in an all-stock transaction to enter the AI-driven data center networking market, while raising $6.9 million in net proceeds under its at-the-market facility (partially offset by about $1.0 million in share repurchases), which strengthened its cash position to $7.5 million and supported ongoing operations and strategic initiatives.

Filing Facts

CIK

1141284

Ticker

-

Form

8K

Source Type

sec

Accession

0001213900-26-056776

Alert Tier

7