Why did ASNS stock jump 10% today?

Actelis Networks' stock jumped 10% after signing an all-stock deal to acquire Israel-based Exaware. This strategic move marks Actelis' entry into the AI-driven data centre networking market. The company will issue roughly 5.3 million shares to Exaware shareholders, with the combined entity valued at 40% for Actelis and 60% for Exaware.

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