Brenx closes USD 3 million unregistered sale of preferred shares, warrants to Alpha Capital

Brenx priced three unregistered private placements with Alpha Capital in August 2026, raising USD 3 million in total.

Each USD 1 million tranche issued 1,000 preferred shares, convertible at USD 3.14, USD 3.12, or USD 3.93 per ordinary share.

Warrants were issued for 318,674, 320,513, or 254,582 ordinary shares at USD 87.36, expiring five years from issuance.

The second tranche triggered anti-dilution adjustments, resetting prior preferred conversion prices under the SPA to USD 3.12.

Proceeds are earmarked for working capital, general corporate purposes, and commercial TES projects across Europe, the U.S., and the Middle East.