Actelis Networks, a networking solutions provider with applications for IoT projects, filed on Friday with the SEC to raise up to $15 million in an initial public offering.
The company utilizes signal-processing technology and system architecture to upgrade existing copper/coax wires by integrating them with new fiber installations and creating a complete hybrid-fiber-copper network. Its products and solutions have been deployed with more than 100 telecommunication service providers worldwide, in enterprise, residential, and mobile base station connectivity applications.
The Fremont, CA-based company was founded in 1998 and and booked $9 million in revenue for the 12 months ended December 31, 2021. It plans to list on the Nasdaq under the symbol ASNS. Actelis Networks filed confidentially on February 10, 2022. Boustead Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
