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Brenmiller Energy Signs Private Placement Agreement for up to $25 Million Equity Financing
Alpha Capital Anstalt, Brenmiller Energy's largest shareholder and long-standing investor, reinforces its strong commitment to the Company's long-term
About this update from Brenmiller Energy Ltd
[{"type":"text","content":"Alpha Capital Anstalt, Brenmiller Energy's largest shareholder and long-standing investor, reinforces its strong commitment to the Company's long-term strategyThe Company will receive $1.2 million in an initial closing and an additional $3.8 million subject to certain conditionsAlpha Capital Anstalt has Additional Investment Rights for up to $20 million DIMONA, ISRAEL / ACCESS Newswire / July 28, 2025 / Brenmiller Energy Ltd. (\"Brenmiller\", \"Brenmiller Energy\" or the \"Company\") (Nasdaq:BNRG), a leading global provider of thermal energy storage (\"TES\") solutions for industrial and utility customers, today announced it has entered into a securities purchase agreement (the \"Securities Purchase Agreement\") with Alpha Capital Anstalt (\"Alpha\"). Pursuant to the terms of the Securities Purchase Agreement, the Company agreed to issue and sell to Alpha, subject to certain conditions, up to an aggregate of $25 million in securities across multiple tranches, consisting of preferred shares, pre-funded warrants, and ordinary warrants. At the initial closing, expected to take place on or about July 28, 2025, for a subscription amount of $1.2 million the Company will issue (i) pre-funded warrants to purchase 631,579 ordinary shares at an exercise price of $0.00001 per share (the \"Pre-Funded Warrants\") and (ii) ordinary warrants to purchase 631,579 ordinary shares at an exercise price of $2.09 per share (the \"Ordinary Warrants\"). The Pre-Funded Warrants will be exercisable upon issuance and will expire when exercised in full. The Ordinary Warrants will be exercisable upon issuance and expire five years from the initial exercise date. The exercise of the Pre-Funded Warrants and Ordinary Warrants are subject to certain beneficial ownership limitations contained therein.Subject to receipt of certain shareholder approvals, the Company will issue preferred shares with a stated value of $1,000 per share, or the Preferred Shares, in exchange for an additional $3.8 million investment (the \"Equity Closing\"). Each Preferred Share is convertible into ordinary shares at a fixed conversion price of $2.288 per share. At the Equity Closing, the Company will also issue accompanying ordinary warrants, with an exercise price of $2.40 per share (the \"Additional Ordinary Warrants\"), equal to 100% of the shares underlying the Preferred Shares, w...