Financing ·
Brenmiller Energy Ltd. will receive $1,000,000 from Alpha Capital Anstalt via a subsequent funding closing expected…
BNRGBrenx Ltd.
Brenmiller Energy Ltd. will receive $1,000,000 from Alpha Capital Anstalt via a subsequent funding closing expected around July 13, 2026. The company will issue 1,000 preferred shares with a conversion price of $0.9175 per share and ordinary warrants to purchase 1,089,918 ordinary shares at $14.56 per share. Due to anti-dilution and ratchet provisions, the conversion price of all previously issued preferred shares under the existing securities purchase agreement will be adjusted to $0.9175. Proceeds will fund general corporate purposes, working capital, and commercial thermal energy storage (TES) projects in Europe, the U.S., and the Middle East. The company provides thermal energy storage solutions for industrial applications.