Brenmiller Energy Plans 5-for-1 Reverse Split Reducing Shares to 515,465
Brenmiller Energy will implement a 5-for-1 reverse share split after market close on April 14, 2026, reducing its outstanding ordinary shares from 2,577,327 to 515,465. Trading on the Nasdaq Capital Market will begin on a post-split basis at the open on April 15, with preferred share conversion ratios adjusted proportionally.
1. Reverse Split Details
Brenmiller Energy’s board and shareholders approved a 5-for-1 reverse share split at a Special General Meeting held on March 31, 2026. The split will be implemented after market close on April 14, 2026, and new share trading on the Nasdaq Capital Market will commence on April 15, 2026.
2. Share Capital Impact
The reverse split will reduce the company’s issued and outstanding ordinary shares from 2,577,327 to 515,465, while leaving authorized share capital unchanged at 150,000,000 ordinary shares and 25,000 preferred shares.
3. Preferred Shares Adjustment
Preferred shares will not be cancelled; instead, their conversion ratio into ordinary shares will be proportionally adjusted to reflect the 5-for-1 consolidation, and any fractional ordinary shares will be rounded according to the Articles of Association.