8-K: Actelis Networks Trades on OTCQB, Eyes Nasdaq Relisting

Actelis Networks announced its common stock began trading on the OTCQB Venture Market under the symbol "ASNS" on April 24, 2026, while continuing to pursue a Nasdaq relisting.

Summary

• Actelis Networks, Inc. has commenced trading on the OTCQB Venture Market, effective April 24, 2026, under the ticker symbol "ASNS".
• This move follows the company's transition from the Nasdaq Capital Market.
• The company continues to operate its business as usual, focusing on federal, transportation, utilities, and telecom markets.
• Actelis is actively evaluating options to relist its common stock on the Nasdaq.
• The OTCQB market is designed for developing companies that meet specific reporting and listing standards.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral development; while the move to OTCQB offers a trading venue, it signifies a step back from Nasdaq, with the future listing status uncertain.

Positives

• Commencement of trading on the OTCQB Venture Market provides a more transparent trading environment for shareholders.
• The company continues to execute its growth plan across key market segments: federal, transportation, utilities, and telecom.
• Securities traded on OTCQB are recognized as an 'established public market' for Rule 144 purposes.

Negatives

• The company was delisted from the Nasdaq Capital Market.
• There is no assurance that an active trading market will be maintained on OTCQB.
• There is no guarantee that broker-dealers will continue to make a market in the company's shares.
• The timing and outcome of efforts to relist on Nasdaq are uncertain.

Risks

• The possibility that Actelis may be adversely affected by other economic, business, and/or competitive factors.
• Uncertainty regarding the maintenance of an active trading market on OTCQB.
• Uncertainty regarding the continued market-making activities of broker-dealers.
• The outcome and timing of efforts to relist on Nasdaq are not guaranteed.
• Potential fluctuations in the trading price of the company's common stock.
• General economic conditions could impact the company's performance.

Future Outlook

The company continues to execute on its growth plan and is evaluating all available options to restore its listing on Nasdaq. However, there can be no assurance regarding the maintenance of an active trading market on OTCQB, continued market-making, or the timing or outcome of relisting efforts on Nasdaq.

Management Comments

• "Commencing trading on OTCQB is a constructive near-term step for our shareholders and supports a more transparent trading environment as we continue to execute on our growth plan."
• "At the same time, we remain focused on evaluating all available options to restore our listing on Nasdaq, while delivering operational progress across our federal, transportation, utilities, and telecom markets."

Industry Context

StockSavvy.ai notes that Actelis Networks' transition to the OTCQB Venture Market is a strategic move to maintain market liquidity and transparency following a delisting from Nasdaq. This path is common for companies seeking to stabilize their trading environment while pursuing relisting opportunities, often indicating a period of operational focus and strategic evaluation.

Stakeholder Impact

• Shareholders: Benefit from a more transparent trading environment on OTCQB in the near term, but face uncertainty regarding Nasdaq relisting and continued market liquidity.
• Investors: May find the OTCQB market less liquid and subject to higher volatility compared to Nasdaq.
• Employees: Business operations continue as usual, with management focused on executing the growth plan.

Next Steps

• Continue to execute on growth plan across federal, transportation, utilities, and telecom markets.
• Evaluate all available options to restore listing on Nasdaq.
• Maintain trading on the OTCQB Venture Market.

Key Dates

Recommendation

The company's move to OTCQB is a pragmatic step for liquidity, but the delisting from Nasdaq and uncertainty around relisting warrant a cautious 'hold' stance until a clearer path forward emerges.

Keywords

Actelis Networks, OTCQB, ASNS, Nasdaq, OTC Markets Group, Networking Solutions, IoT, Broadband