ACTELIS NETWORKS INC - SC 13G Filing Summary

This filing details the beneficial ownership of Actelis Networks, Inc. (ASNS) by White Lion Capital LLC. White Lion Capital LLC holds 3,000,000 shares of common stock directly. Additionally, White Lion Capital LLC has the right to acquire more shares through pre-funded warrants and common warrants, subject to ownership limitations of 4.99% which can be increased to 9.99% with proper notice or agreement. The exercise of these warrants is contingent upon specific events, such as a reverse stock split or listing on an eligible market. The filing clarifies that for reporting purposes, White Lion Capital LLC is deemed to beneficially own shares as if the ownership limitation was 9.99%.