Brenmiller Energy to raise $1 million from Alpha Capital in preferred share sale, warrant issuance
BNRG•Preferred shares and warrant terms
The deal includes 1,000 preferred shares, with a stated value of $1,000 each, convertible at a fixed $0.92 per ordinary share.
It also includes ordinary warrants for 1,089,918 shares, exercisable immediately at $14.56, and expiring five years from the initial exercise date.
Anti-dilution reset and pro forma totals
An anti-dilution reset cuts the prior SPA preferred conversion price to $0.92.
On a pro forma basis, the company has 2,570,562 ordinary shares and 4,798 preferred shares outstanding.
$1 million subsequent funding under July 2025 securities purchase agreement
Brenmiller Energy lined up a $1 million subsequent funding from Alpha Capital under its July 2025 securities purchase agreement.
Alpha issued an Additional Investment Right notice on July 8, 2026; closing is expected on or about July 13, 2026.
