Recent Updates — BNRG
BrenX Ltd. has filed proxy materials for a special general meeting scheduled for November 6, 2026, where shareholders will vote on a proposal to approve a framework for a future reverse share split. The board recommends approval of a potential adjustment at a ratio between 3:1 and 6:1, granting the board discretion to determine the exact ratio and effective date based on market conditions and Nasdaq compliance requirements. This action aims to address the minimum bid price rule, though no specific split has been finalized or dated yet. BrenX Ltd. operates in the technology sector.
On October 14, 2026, BrenX Ltd. filed a prospectus supplement in connection with an at-the-market (ATM) offering of up to $2,886,058 of ordinary shares. The shares may be offered and sold under the company's Sales Agreement with A.G.P./Alliance Global Partners, dated June 9, 2023, as amended on June 3, 2026. An opinion regarding the legality of the issuance is attached to the filing. BrenX Ltd. operates in the clean energy sector, specializing in battery storage solutions.
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.
On September 15, 2026, BrenX Ltd. announced a strategic settlement with the European Investment Bank (EIB) to eliminate approximately $4.8 million of debt. The agreement requires an initial €1.1 million payment and includes a contingent obligation to pay an additional €2.9 million if certain change-of-control or asset disposition transactions occur within one year. Management estimates this transaction will reduce total liabilities by 54% (from ~$8.9 million to ~$4.1 million) and increase shareholders' equity by 77% (from ~$4.6 million to ~$8.2 million), potentially generating approximately $3.6 million in income from debt extinguishment. The settlement releases related security interests and cancels the March 2021 credit facility, aiming to strengthen the balance sheet as the company transitions toward an integrated industrial energy platform. BrenX Ltd. operates in the thermal energy storage industry, providing bGen™ technology and integrated industrial energy solutions.
BrenX Ltd. reported unaudited first-half 2026 financial results showing an operating loss of $5.97 million and a net loss of $6.09 million, representing decreases of 9% and 18%, respectively, compared to the same period in 2025. Cash and cash equivalents totaled $5.69 million as of June 30, 2026. The company advanced its integrated energy infrastructure strategy by commissioning a 32 MWh thermal energy storage system at Tempo Beverages Ltd., commencing construction on a 12 MWh project at Wolfson Medical Center after receiving the permit, and acquiring an operating 1.2 MWp photovoltaic facility in Hungary for approximately $1.1 million. Additionally, BrenX announced plans to acquire adjacent land in Hungary to develop its first integrated energy resource center. BrenX Ltd. operates in the energy technology sector, providing thermal energy storage systems and integrated industrial energy solutions.