InvestmentJun 11, 2026, 08:32 AM
Brenmiller Energy Secures Up to $2.5M Investment from Alpha Capital
AI Summary
Brenmiller Energy Ltd. announced an investment arrangement with existing investor Alpha Capital Anstalt, providing up to $2.5 million in additional capital to advance its BNRG360 growth strategy. The immediate investment of $1.5 million is through convertible preferred shares and warrants, with an initial conversion price of $1.67 per share, potentially increasing to $2.00 subject to shareholder approval. An additional $1.0 million may be raised through warrant exercises, also contingent on shareholder approval and specific pricing conditions. The funds will support the company's commercial thermal energy storage (TES) projects and expansion of its integrated clean energy solutions platform.
Key Highlights
- Brenmiller Energy secured an immediate $1.5 million investment from Alpha Capital Anstalt.
- The investment is through convertible preferred shares with an initial conversion price of $1.67 per share and accompanying warrants.
- Subject to shareholder approval, the preferred share conversion price may increase to $2.00 per share.
- The arrangement includes potential for up to an additional $1.0 million from warrant exercises, subject to shareholder approval and pricing conditions.
- The company will issue pre-funded, short-term, and five-year warrants to Alpha Capital Anstalt.
- Exercise price of certain outstanding warrants will be reduced to $2.00 per share, pending shareholder approval.
- Proceeds will be used for general corporate purposes, working capital, and commercial TES projects.
- Shareholder approval is required for several amendments and warrant issuances.
Price Impact
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