InvestmentApr 27, 2026, 04:13 PM
BNRG Secures $1M Fifth Subsequent Funding from Alpha Capital
AI Summary
Brenmiller Energy Ltd. (BNRG) announced the closing of a $1,000,000 Fifth Subsequent Funding with Alpha Capital Anstalt. The company issued 1,000 preferred shares, convertible at $3.39 per share, and ordinary warrants to purchase 68,681 ordinary shares at an exercise price of $14.56 per share. Proceeds will fund general corporate purposes, working capital, and commercial TES projects in Europe, the U.S., and the Middle East. This funding also triggered an anti-dilution adjustment, setting the conversion price of all previously issued preferred shares to $3.39.
Key Highlights
- BNRG closed a $1,000,000 Fifth Subsequent Funding with Alpha Capital Anstalt.
- Issued 1,000 preferred shares, convertible into ordinary shares at $3.39 per share.
- Issued ordinary warrants to purchase 68,681 ordinary shares at an exercise price of $14.56 per share.
- Warrants are exercisable upon issuance and expire five years from the initial exercise date.
- Net proceeds will be used for general corporate purposes, working capital, and commercial TES projects.
- Conversion price of previously issued preferred shares adjusted to $3.39 due to anti-dilution provisions.
Price Impact
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