Brenx prices USD 1 million unregistered preferred share sale to Alpha Capital at USD 2.62 conversion price

Brenx priced a USD 1 million unregistered private placement with Alpha Capital Anstalt, expected to close around Sept. 17, 2026.

The issuance includes 1,000 preferred shares with a $1,000 stated value, convertible at a fixed $2.62 per share.

The placement also includes ordinary warrants for 382,263 shares, exercisable on issuance, with an $87.36 exercise price and a five-year term.

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

An anti-dilution reset changed the prior preferred conversion price to $2.62. After the close, the company expects 1,946,972 ordinary shares and 3,476 preferred shares outstanding.