Recent Updates — BRNX
BrenX Ltd. closed three subsequent funding tranches under its securities purchase agreement with Alpha Capital Anstalt on August 24, 26, and 28, 2026, raising $1 million per tranche for a total of $3 million in net proceeds. The company issued preferred shares convertible into ordinary shares at fixed prices ranging from $3.12 to $3.928 per share, alongside ordinary warrants exercisable at $87.36 per share. Following the second closing, anti-dilution provisions adjusted the conversion price of previously issued preferred shares to $3.12. Post-closing, the company reported 1,624,514 ordinary and 3,379 preferred shares outstanding. Proceeds will 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.