
SplitJul 10, 2026, 05:07 PM
Brenmiller Energy to Vote on 4:1 to 6:1 Reverse Share Split
AI Summary
Brenmiller Energy Ltd. will hold a Special General Meeting on July 27, 2026, to consider and vote on a proposal for a reverse share split. The proposed ratio for the split is between 4:1 and 6:1, with the exact ratio and effective date to be determined by the Board of Directors. This corporate action is intended to ensure the company's compliance with Nasdaq's minimum bid price requirement of $1.00 per share. The Board unanimously recommends that shareholders vote in favor of the proposal.
Key Highlights
- Shareholders to vote on a potential future reverse share split.
- Proposed reverse split ratio is between 4:1 and 6:1.
- The Board will determine the exact ratio and effective date if approved.
- Action aims to comply with Nasdaq's $1.00 minimum bid price requirement.
- Special General Meeting scheduled for July 27, 2026.
- Record Date for voting is July 15, 2026.
- Board of Directors unanimously recommends voting "FOR" the proposal.
Price Impact
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