Brenmiller Energy Secures Equity Financing Agreement Up to $25 Million

Brenmiller Energy, a key player in thermal energy storage solutions, has finalized a securities purchase agreement worth up to $25 million with Alpha Capital Anstalt, its largest shareholder. Initially, Brenmiller will receive $1.2 million, followed by an additional $3.8 million contingent on conditions. Alpha Capital holds rights for further investment up to $20 million.

The deal involves issuing preferred shares, pre-funded warrants, and ordinary warrants. Initial transactions include 631,579 ordinary shares through warrants with specific exercise prices. The funds will support corporate needs and commercial projects in Europe, the U.S., and the Middle East.

Approval from Brenmiller's shareholders is essential for proceeding with the equity plans. Additional investments up to $15 million are possible, expanding potential financing to $50 million. The securities involved are exempt from standard registration requirements.