Actelis Networks Inc. (NASDAQ:ASNS) saw its shares decline 8% on Friday after the company revealed that its board of directors has approved a 1-for-10 reverse stock split, set to take effect before the market opens on November 18, 2025.
The provider of cyber-hardened networking technology said the reverse split is intended to boost its share price in order to regain compliance with Nasdaq’s continued listing standards and improve its appeal to institutional investors. After the split, Actelis will continue trading under the ticker ASNS, but will adopt a new CUSIP identifier.
Shareholders had previously authorized the board to pursue a reverse split within a range of 1-for-7 to 1-for-12 at a special meeting held on November 7, 2025. The board ultimately chose the 1-for-10 ratio.
Once implemented, every ten existing shares of Actelis common stock will consolidate into a single share, cutting the number of shares outstanding from roughly 17.5 million to about 1.75 million. The total number of authorized shares will remain the same.
The company noted that the reverse split will not change each investor’s proportional ownership, except when fractional shares are created. Any fractional positions will be rounded up to the nearest whole share. Actelis will also adjust the number of shares and exercise prices tied to its outstanding options and warrants to reflect the new share structure.
Investors holding shares in book-entry form or via brokers will not need to take any action, while shareholders with physical certificates will receive instructions from the company’s transfer agent regarding the exchange process.