Actelis Networks, Inc. Announces Results of 2026 Special Meeting of Stockholders

Fremont, CA – April 13, 2026 – Actelis Networks, Inc. (the “Company”), a provider in the communications equipment sector, has disclosed the official voting results from its 2026 Special Meeting of Stockholders (the “Special Meeting”), a development that could have significant implications for the Company’s future structure and capital markets activity.

Key Highlights from the Special Meeting

• Proposal 1 – Authorization of Common Stock Issuance under ELOC Purchase Agreement
  Shareholders approved the authorization, in accordance with Nasdaq Listing Rule 5635(d), for Actelis Networks to issue new shares of its common stock pursuant to the Company’s Equity Line of Credit (ELOC) Purchase Agreement. This approval enables the Company to potentially raise additional capital through the sale of equity, which can be used to fund operations, growth initiatives, or strategic investments.
  Votes For: 2,044,652
  Votes Against: (not specified)
  Votes Abstained: (not specified)
  Broker Non-Votes: (not specified)
• Proposal 2 – Approval for a Reverse Stock Split
  Another key proposal approved by shareholders was the amendment to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of its issued and outstanding common stock. The approved ratio is between 1-for-10 and 1-for-25, with the exact ratio to be determined at the discretion of the Company’s Board of Directors and announced prior to effectiveness.
  Votes For: 2,641,144
  Votes Against: 483,887
  Votes Abstained: 6,163
  Broker Non-Votes: 0
  This move is often used to increase the per-share trading price of a company’s stock, which can help maintain or regain compliance with exchange listing requirements and attract institutional investors. However, it also reduces the number of shares outstanding, which can affect liquidity and market capitalization.
• Proposal 3 – Adjournment of Special Meeting
  The proposal to approve an adjournment of the Special Meeting, if necessary to solicit further proxies for Proposals 1 and 2, was withdrawn as both prior proposals were approved by shareholders.

Other Notable Information for Shareholders

• Emerging Growth Company: Actelis Networks, Inc. is identified as an “Emerging Growth Company” under applicable SEC rules. This status allows for certain regulatory and disclosure accommodations.
• Voting Participation: As of the record date (February 13, 2026), there were 8,759,402 shares of common stock outstanding. The votes represented at the meeting equaled approximately 35.75% of the outstanding possible votes, indicating moderate shareholder participation.
• Exchange Listing Status: As of the date of the report, the Company’s securities were not listed with a trading symbol on any exchange. This could impact liquidity and trading for shareholders.

Potential Impact on Shareholder Value

The approval of the ELOC share issuance and a potential reverse stock split are highly significant and price-sensitive events:

• Capital Raising Ability: The ELOC authorization allows Actelis to raise capital by issuing new shares, which may lead to dilution of existing holdings but provides financial flexibility.
• Reverse Stock Split: The reverse stock split, at a ratio determined by the Board, could increase the stock’s market price and affect trading dynamics. Reverse splits are often intended to meet minimum price requirements for exchange listings or to present a more attractive share price to investors.
• Shareholder Dilution & Trading Dynamics: Both actions can have a significant impact on share value—raising capital may dilute current shareholders, while a reverse split reduces the number of shares outstanding but does not change the company’s overall value. However, market perception and investor sentiment can move the share price positively or negatively.
• Regulatory & Compliance Considerations: These actions can affect the Company’s ability to regain or maintain listing on a national exchange, which could impact liquidity and valuation.

Leadership Sign-Off

The report was duly signed on April 13, 2026, by Yoav Efron, Deputy Chief Executive Officer and Chief Financial Officer of Actelis Networks, Inc.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The information is based on the official SEC filing of Actelis Networks, Inc. dated April 13, 2026, and may be subject to change or clarification in subsequent disclosures.

View ACTELIS NETWORKS INC Historical chart here