Actelis Networks Announces New $1.5 Million Credit Line

February 7, 2024

https://www.globenewswire.com/news-release/2024/02/07/2825589/0/en/Actelis-Networks-Announces-New-1-5-Million-Credit-Line.html

FREMONT, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”) a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced the closing of a new credit line facility. The accounts receivable credit line from an Israeli bank of up to $1.5 million increases the Company’s operating cash while not increasing the Company’s total debt, as the Company will perform an early repayment of its existing debt using its restricted cash in a similar amount.

Read more at globenewswire.com

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