Financing ·
BrenX Ltd. received a funding notice for $1,000,000 under its securities purchase agreement with Alpha Capital…
BNRGBrenx Ltd.
BrenX Ltd. received a funding notice for $1,000,000 under its securities purchase agreement with Alpha Capital Anstalt, closing on September 17, 2026. The issuance includes 1,000 preferred shares convertible at $2.616 per share and warrants to buy 382,263 ordinary shares at $87.36. This transaction triggered an anti-dilution adjustment, lowering the conversion price of previously issued preferred shares to $2.616. Post-closing, the company will hold 1,946,972 ordinary and 3,476 preferred shares outstanding. Proceeds support working capital and commercial TES projects in Europe, the U.S., and the Middle East. BrenX Ltd. operates in the energy technology sector, developing thermal energy storage solutions.