InvestmentJul 10, 2026, 04:17 PM
Brenmiller Energy Secures $1M Additional Funding from Alpha Capital
AI Summary
Brenmiller Energy Ltd. announced it received an Additional Investment Right notice from Alpha Capital Anstalt for a $1 million subsequent funding. This funding will involve the issuance of 1,000 preferred shares convertible at $0.9175 per share and ordinary warrants to purchase 1,089,918 ordinary shares at an exercise price of $14.56 per share. The net proceeds will be used for general corporate purposes, working capital, and the execution of the Company's commercial TES projects across Europe, the U.S., and the Middle East. Additionally, the conversion price of previously issued preferred shares will be adjusted to $0.9175 due to anti-dilution provisions.
Key Highlights
- Brenmiller Energy received a $1,000,000 additional investment notice from Alpha Capital Anstalt.
- The funding involves issuing 1,000 preferred shares at a stated value of $1,000 per share.
- Preferred shares are convertible into ordinary shares at a fixed price of $0.9175 per share.
- Company will also issue ordinary warrants to purchase 1,089,918 ordinary shares.
- Warrants have an exercise price of $14.56 per share and expire in five years.
- Net proceeds will fund general corporate purposes, working capital, and TES projects.
- Previous preferred share conversion price adjusted to $0.9175 due to anti-dilution provisions.
- Expected closing of the funding is on or about July 13, 2026.
Price Impact
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