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Brenmiller Energy Ltd. Announces Closing of $4 Million Offering
ROSH HA’AYIN, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy”, the “Company”) (Nasdaq: BNRG), a global leader in thermal
About this update from Brenmiller Energy Ltd
[{"type":"text","content":" ROSH HA’AYIN, Israel--(BUSINESS WIRE)--\nBrenmiller Energy Ltd. (“Brenmiller”, “Brenmiller Energy”, the “Company”) (Nasdaq: BNRG), a global leader in thermal energy storage (TES), announced today the closing of its previously announced offering of 888,890 units (“Units”), with each Unit consisting of one ordinary share, no par value per share (“Ordinary Share”), of the Company (or pre-funded warrant in lieu thereof) and one warrant to purchase one Ordinary Share, at a price per Unit of $4.50, less $0.0001 for each pre-funded warrant and accompanying warrant, for aggregate gross proceeds of approximately $4.0 million before deducting placement agent fees and other offering expenses. The warrants are exercisable immediately at a price of $5.00 per share and will expire five years from the date of issuance.\n\n\nThe Company intends to use the net proceeds of this offering for general and administrative corporate purposes, including working capital and capital expenditures.\n\n\nA.G.P./Alliance Global Partners acted as the sole placement agent for the offering.\n\n\nThe securities described above were offered pursuant to a registration statement on Form F-1 (File No. 333-275115) previously filed with the Securities and Exchange Commission (“SEC”), which became effective on January 22, 2024. The offering was made only by means of a prospectus forming part of the effective registration statement. An electronic copy of the final prospectus was filed with the SEC and may be obtained on the SEC’s website located at http://www.sec.gov and may also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].\n\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.\n\n\nAbout Brenmiller Energy Ltd.\n\n\nBrenmiller Energy delivers scalable thermal energy storage solutions and services that allow customers to cost-effectively decarbonize their operations. Its patented bGen™ thermal storage techn...