ACTELIS NETWORKS INC (ASNS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 15.92% of current shares
Recent Dilution: 1584.89% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
26M
Potential Supply
4.1M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

ASNS currently has 25.8M outstanding shares. with limited dilution risk as only 4.11M additional shares (15.9%) are authorized for issuance. The company has significantly diluted shareholders by 1584.89% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 25.8M shares outstanding

26M 4.1M
Mar 18, 2026

10-K filing | 26.7M shares outstanding

27M 4.1M
Dec 19, 2025

8-K filing: Actelis Networks, Inc. offered and sold 4,352,500 shares of common stock, 1,897,500 pre-funded warrants, and 6,250,000 common warrants in a public offering at a purchase price of $0.80 per Share and accompanying Common Warrant, and $0.7999 per Pre-Funded Warrant and accompanying Common Warrant. ($5.0M proceeds)

1.7M 4.1M
Dec 10, 2025

S-1/A filing: This prospectus relates to the resale of up to 680,422 shares of common stock issuable upon the exercise of warrants by selling stockholders.

1.7M 4.1M
Dec 02, 2025

S-1 filing: This prospectus relates to the resale of up to 680,422 shares of common stock issuable upon the exercise of warrants by the selling stockholders.

1.7M 4.3M
Nov 25, 2025

S-1/A filing: This prospectus relates to the offer and sale from time to time of up to 10,585,549 shares of common stock of Actelis Networks, Inc. by White Lion Capital, LLC.

1.7M 3.4M
Nov 18, 2025
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 17,477,860 → 1,747,786

1.7M 3.4M
Nov 14, 2025

10-Q filing | 17.5M shares outstanding

17M 34M
Oct 07, 2025

S-1 filing: This is an S-1 filing for a common stock offering by a selling stockholder.

13M 34M
Sep 03, 2025

8-K filing: Actelis Networks, Inc. entered into an inducement agreement with a holder to exercise existing warrants for 4,270,197 shares at a reduced price of $0.37 per share, and issued new warrants for 6,405,296 shares at $0.37 per share. The company expects to receive approximately $1.6 million in gross proceeds. ($1.58M proceeds)

13M 17M
Aug 14, 2025

10-Q filing | 11.3M shares outstanding

11M 17M
Jul 09, 2025

S-1 filing: This S-1 filing pertains to the potential resale of up to 6,617,897 shares of Actelis Networks, Inc. common stock by selling stockholders, including shares issuable upon exercise of warrants.

9.2M 17M
Jul 03, 2025

8-K filing: Actelis Networks, Inc. entered into a securities purchase agreement to issue and sell shares of common stock and warrants to accredited investors in a private placement, which closed on July 2, 2025, resulting in gross proceeds of approximately $1 million. ($1.0M proceeds)

8.5M 10M
May 13, 2025

10-Q filing | 8.5M shares outstanding

8.5M 10M
Mar 24, 2025

10-K filing | 8.5M shares outstanding

8.5M 10M
Nov 14, 2024

10-Q filing | 6.3M shares outstanding

6.3M 10M
Sep 18, 2024

S-3 filing: The company is filing an S-3 to register the offering of common stock, debt securities, warrants, or units up to an aggregate initial offering price of $50,000,000.

6M 10M
Aug 14, 2024

10-Q filing | 6.0M shares outstanding

6M 10M
Jul 29, 2024

S-1 filing: This prospectus relates to the resale, from time to time, by the selling stockholders identified in this prospectus, or the selling stockholders, of up to 2,069,317 shares of our common stock, par value $0.0001 per share, issuable upon the exercise of warrants.

6M 10M
Jul 02, 2024

8-K filing: Actelis Networks, Inc. entered into an inducement agreement with a holder of existing warrants, resulting in the exercise of warrants to purchase 999,670 shares of common stock at $2.00 per share and the issuance of new warrants to purchase 1,999,340 shares of common stock at $1.75 per share, with expected gross proceeds of approximately $2.25 million. ($2.0M proceeds)

6M 8.1M
Jun 24, 2024

S-1 filing: This is an S-1 filing for the resale of up to 2,069,317 shares of common stock issuable upon the exercise of warrants.

5M 8.1M
Jun 06, 2024

8-K filing: Actelis Networks, Inc. entered into an inducement agreement with a holder of existing warrants, resulting in the exercise of warrants to purchase 999,670 shares of common stock at $2.75 per share, and the issuance of new warrants to purchase 1,999,340 shares of common stock at $2.00 per share, with expected gross proceeds of approximately $3.0 million. ($2.75M proceeds)

4.4M 6M
May 14, 2024

10-Q filing | 3.4M shares outstanding

3.4M 6M
Mar 26, 2024

S-1/A filing: This S-1/A filing relates to the resale of up to 3,697,154 shares of common stock by selling stockholders, including shares issued in private placements and shares issuable upon exercise of warrants.

3M 6M
Mar 26, 2024

10-K filing | 3.0M shares outstanding

3M 6M
Feb 09, 2024

S-1/A filing: This S-1/A filing relates to the offer and sale of 2,631,357 shares of Actelis Network, Inc.'s common stock by the selling stockholders.

30M 5M
Jan 08, 2024

S-1 filing: This S-1 filing relates to the offer and sale of 2,631,357 shares of Actelis Network, Inc.'s common stock by selling stockholders.

30M 5M
Dec 20, 2023

8-K filing: Actelis Networks, Inc. entered into a securities purchase agreement with an accredited investor to issue and sell shares of common stock, pre-funded warrants, and common warrants for gross proceeds of approximately $1.5 million, which closed on December 20, 2023. ($0.0M proceeds)

2.7M 2.3M
Nov 14, 2023

10-Q filing | 2.7M shares outstanding

2.7M 2.3M
Oct 06, 2023

8-K filing: Actelis Networks, Inc. and Armistice Capital Master Fund Ltd. amended a warrant agreement to increase the number of common stock warrants to 55,000 and change the exercise price to $2.75, effective November 8, 2023.

2.7M 2.3M
Aug 24, 2023

10-Q filing | 2.7M shares outstanding

2.7M 2.3M
Jun 20, 2023

S-3/A filing: This S-3/A filing relates to the offer and sale from time to time of a total of 1,955,467 shares of Actelis Network, Inc.'s common stock by the selling stockholders identified in this prospectus.

1.9M 2.3M
May 24, 2023

S-3 filing: This is an S-3 filing for the offer and sale of 1,955,467 shares of Actelis Network, Inc.'s common stock by selling stockholders.

1.9M 2.3M
May 12, 2023

10-Q filing | 1.9M shares outstanding

1.9M 300K
May 08, 2023

8-K filing: Actelis Networks, Inc. issued and sold 190,000 shares of common stock, 754,670 pre-funded warrants, and warrants to purchase up to 944,670 shares of common stock for gross proceeds of approximately $3.5 million in a private placement that closed on May 8, 2023. ($3.5M proceeds)

1.7M 300K
Apr 18, 2023
Stock Split

8-K filing: Stock split 1-for-10 | Outstanding: 17,407,565 → 1,740,756

1.7M 300K
Mar 29, 2023

10-K filing | 17.4M shares outstanding

17M 3M
Nov 14, 2022

10-Q filing | 17.3M shares outstanding

17M 3M
Aug 11, 2022

10-Q filing | 17.3M shares outstanding

17M 3M
Jun 22, 2022

10-Q filing | 17.3M shares outstanding

17M 3M
May 18, 2022

8-K filing: Actelis Networks, Inc. closed its initial public offering on May 17, 2022, selling 4,212,500 shares of common stock at $4.00 per share, including the exercise of the over-allotment option, for gross proceeds of $16,850,000 and net proceeds of approximately $15,400,000. ($16.85M proceeds)

13M 3M
May 10, 2022

S-1/A filing: This is a firm commitment initial public offering of shares of common stock of Actelis Networks, Inc. We are offering shares of our common stock.

13M 3M
May 10, 2022

S-1/A filing: This is a firm commitment initial public offering of shares of common stock of Actelis Networks, Inc. offering 3,000,000 shares with an expected price between $4 and $6.

13M 3M
May 05, 2022

S-1/A filing: Actelis Networks, Inc. is offering 3,000,000 shares of common stock in a firm commitment initial public offering, with an anticipated price range of $4 to $6 per share.

2.1M 3.2M
May 02, 2022

S-1/A filing: This S-1/A filing describes an offering of 3,000,000 shares of common stock with an expected price between $4 and $6 per share, as well as Underwriter's warrants to purchase common stock.

13M 3.2M
Apr 15, 2022

S-1 filing: The filing is an S-1 form for an initial public offering of common stock by Actelis Networks, Inc., with Boustead Securities, LLC as the underwriter, and the company has applied to list its shares on the Nasdaq Capital Market under the symbol 'ASNS'.

N/A 0
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