InvestmentJun 2, 2026, 08:17 AM
Brenmiller Energy Secures $1M in Sixth Funding Round from Alpha Capital
AI Summary
Brenmiller Energy Ltd. completed its sixth subsequent funding round, securing an additional $1 million from Alpha Capital Anstalt. This funding involved the issuance of 1,000 preferred shares convertible at $1.67 per share and ordinary warrants to purchase 598,802 ordinary shares at an exercise price of $14.56. The net proceeds will be used for general corporate purposes, working capital, and advancing commercial TES projects across Europe, the U.S., and the Middle East. The conversion price of previously issued preferred shares was also adjusted to $1.67 due to anti-dilution provisions.
Key Highlights
- Secured $1,000,000 in additional funding from Alpha Capital Anstalt.
- Issued 1,000 preferred shares convertible into ordinary shares at $1.67 per share.
- Issued ordinary warrants to purchase 598,802 ordinary shares at an exercise price of $14.56.
- Proceeds will be used for general corporate purposes, working capital, and commercial TES projects.
- Conversion price of previously issued preferred shares adjusted to $1.67 due to anti-dilution provisions.
- Company has 1,895,638 ordinary shares and 3,047 preferred shares outstanding.
Price Impact
More from BNRG