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Investing.com -- Actelis Networks Inc (NASDAQ:ASNS) stock fell 8% on Friday after the company announced its board of directors approved a one-for-ten reverse stock split scheduled to take effect before market open on November 18, 2025.
The cyber-hardened networking solutions provider said the move aims to increase its per share price to regain compliance with Nasdaq’s continued listing requirements and attract institutional investors. Following the split, the company will continue trading under the symbol "ASNS" with a new CUSIP number.
Stockholders had previously approved the potential for a reverse split at a ratio between 1-for-7 and 1-for-12 during a Special Meeting on November 7, 2025. The board ultimately selected the 1-for-10 ratio.
Upon implementation, every 10 shares of Actelis’ common stock will convert to one share, reducing the company’s outstanding shares from approximately 17.5 million to 1.75 million. The total number of authorized shares will remain unchanged.
The company noted that the reverse split will not affect any stockholder’s ownership percentage, except in cases resulting in fractional shares, which will be rounded up to the next whole number. Proportionate adjustments will also be made to the exercise price and number of shares issuable upon exercise of outstanding options and warrants.
Stockholders with shares in book-entry form or held through brokers do not need to take action, while those holding physical certificates will receive exchange instructions from the company’s transfer agent.
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