Brenmiller Announces Up to $2.5 Million Investment at a Premium to Market to Advance BNRG360 Growth Strategy

Brenmiller (NASDAQ: BNRG) arranged an investment of up to $2.5 million from an existing investor to advance its BNRG360 growth strategy.

Rhea-AI Summary

Brenmiller (NASDAQ: BNRG) arranged an investment of up to $2.5 million from an existing investor to advance its BNRG360 growth strategy. The deal includes an immediate $1.5 million convertible preferred share investment at an initial conversion price of $1.67 per share, a premium to the current market price.

Subject to shareholder approval and pricing conditions, additional capital may be raised through pre-funded and other warrants at a $2.00 exercise price. Proceeds are expected to support integrated clean energy projects, energy assets, and long-term service agreements aimed at building recurring revenue.

Positive

• Up to $2.5 million in new capital to fund BNRG360 strategy
• Immediate $1.5 million via convertible preferred share investment
• Initial conversion price of $1.67 set at a premium to market
• Additional $1.0 million potential from warrants exercisable at $2.00
• Capital earmarked for energy assets and long-term service agreements

Negative

• Future shareholder dilution possible from preferred share conversion and warrant exercises
• Up to $1.0 million in warrant proceeds depends on shareholder approval
• Short-term warrant exercise is contingent on minimum $1.30 average share price

Argus Jun 11 session

+9.16% close to close Open Argus

Details

News Market Reaction – BNRG

On Jun 11, the day this news came out, BNRG closed 9.16% above the previous close.

Data tracked by StockTitan Argus for the Jun 11 session.

Market Context

On Jun 11, the day this news came out, the stock closed 9.2% above the previous close. A strong posi...

Analysis

On Jun 11, the day this news came out, the stock closed 9.2% above the previous close. A strong positive reaction aligns with a premium-priced capital raise that added up to $2.5 million in support of the BNRG360 strategy. Historically, several constructive updates were followed by weak or negative moves, so a firm upside response would have contrasted with that pattern. Investors would still have needed to weigh ongoing dilution capacity under the $75,000,000 shelf and execution risk on recurring-revenue projects.

Key Figures

Total investment capacity: $2.5 million Initial funding: $1.5 million Conversion price: $1.67 per share +5 more

Total investment capacity

$2.5 million

Maximum capital from new investment arrangement for BNRG360

Initial funding

$1.5 million

Immediate investment via convertible preferred shares

Conversion price

$1.67 per share

Initial conversion price of new preferred shares

Potential higher conversion

$2.00 per share

Conversion price if increased after shareholder approval

Pre-funded warrant size

75,000 shares

Ordinary shares underlying pre-funded warrant, subject to approval

Short-term warrants

500,000 shares at $2.00

Short-term warrants, expiring one week post shareholder approval

5-year warrants

500,000 shares at $2.00

Longer-term warrants, expiring five years post approval

Additional warrant proceeds

$1.0 million

Potential extra capital if short-term warrants exercised

Historical Context

5 past events · Latest: Jun 01

5 events

1. Jun 01

   Commercial milestone

   24h Move

   -12.1%

   Tempo bGen system began delivering industrial steam during commissioning.

2. May 18

   Leadership change

   24h Move

   -4.4%

   Nir Brenmiller appointed CEO to drive BNRG360 commercial growth.

3. Apr 10

   Reverse split

   24h Move

   +0.0%

   Announcement of 5-for-1 reverse share split implementation timeline.

4. Mar 31

   AI certification

   24h Move

   +1.9%

   ISO/IEC 42001 AI management certification for TES optimization and governance.

5. Mar 25

   Business update

   24h Move

   -9.8%

   First TES revenue, Tempo progress and launch of BNRG360 growth strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

convertible preferred shares, pre-funded warrant, warrants, Form 6-K, +1 more

5 terms

convertible preferred shares financial

"includes an immediate $1.5 million investment through convertible preferred shares with an initial"

Convertible preferred shares are a type of stock that pays priority dividends and has a higher claim on assets than common shares, but can be exchanged later for a set number of common shares. For investors, they offer a safety-and-upside mix: steady income and protection like a senior ticket, plus the option to convert into common stock if the company grows — a decision that affects potential returns and how much existing owners’ stakes may be diluted.

pre-funded warrant financial

"issue to the investor, subject to receipt of shareholder approval: (i) a pre-funded warrant to purch"

A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.

warrants financial

"conversion price of $1.67 per share, representing a premium... and accompanying warrants."

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

Form 6-K regulatory

"information regarding the transaction is included in the Company's Report on Form 6-K furnished"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

thermal energy storage technical

"a leading global provider of thermal energy storage ("TES") solutions for industrial"

Thermal energy storage is a technology that captures heat or cold so it can be used later, like a rechargeable battery that holds temperature instead of electricity. It matters to investors because it can lower energy costs, improve reliability for buildings and power plants, enable more use of renewable power, and create new revenue streams or cost savings for projects and companies involved in energy infrastructure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Investment From Existing Investor Reinforces Confidence in Brenmiller's Commercial Progress and Supports Execution of Its BNRG360 Growth Strategy

Tel Aviv, Israel--(Newsfile Corp. - June 11, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller" or the "Company"), a leading global provider of thermal energy storage ("TES") solutions for industrial and utility customers, today announced an investment arrangement with an existing investor expected to provide up to $2.5 million of additional capital to support the continued execution of its BNRG360™ growth strategy.

The arrangement includes an immediate $1.5 million investment through convertible preferred shares with an initial conversion price of $1.67 per share, representing a premium to the current market price of the Company's ordinary shares, and accompanying warrants. The conversion price of such preferred shares may be increased to $2.00 per share, subject to shareholder approval.

In addition, the Company agreed to issue to the investor, subject to receipt of shareholder approval: (i) a pre-funded warrant to purchase 75,000 ordinary shares, (ii) short-term warrants to purchase 500,000 ordinary shares at an exercise price of $2.00 per share, expiring one week following receipt of shareholder approval, and (iii) warrants to purchase 500,000 ordinary shares at an exercise price of $2.00 per share, expiring five years following receipt of shareholder approval. The investor agreed to exercise the short-term warrants within one week following receipt of shareholder approval, provided that the average closing sale price of the Company's ordinary shares for the five trading days prior to the date shareholder approval is obtained is not less than $1.30 per share.

If shareholder approval is obtained and the pricing condition for the short-term warrants are met, the arrangement may provide up to an additional $1.0 million to the Company through warrant exercises at $2.00 per share.

The Company believes the investment reflects continued confidence in its long-term growth strategy and the execution of BNRG360™, Brenmiller's platform for developing integrated clean energy solutions designed to generate contracted and recurring revenues.

The financing is expected to support the continued expansion of Brenmiller's BNRG360 activities, including investments in operating and development-stage energy assets, renewable energy projects and related infrastructure, the development of long-term energy service agreements, and the continued evolution of the Company's business model toward recurring revenue streams.

BNRG360 represents Brenmiller's strategic expansion beyond thermal energy storage technology sales into integrated heat and power solutions that combine thermal energy storage, renewable energy generation, battery storage and long-term customer energy contracts.

"This investment supports the next phase of Brenmiller's growth strategy," said Nir Brenmiller, Deputy Chief Executive Officer of Brenmiller Energy. Following the recent milestone at our Tempo project, where our bGen™ system began delivering industrial steam during commissioning, we believe we have further demonstrated the commercial readiness of our technology platform. More importantly, this investment provides additional resources to advance our BNRG360 strategy and expand Brenmiller's participation across the energy value chain."

"Through BNRG360, we are pursuing opportunities to participate in energy assets and long-term energy service models designed to generate recurring revenues and create sustainable long-term value. This investment, which reflects a premium to the current market price of our shares, strengthens our financial flexibility as we continue executing this strategy and pursuing future growth opportunities."

Additional information regarding the transaction is included in the Company's Report on Form 6-K furnished to the U.S. Securities and Exchange Commission.

About Brenmiller Energy Ltd.

Brenmiller Energy (NASDAQ: BNRG) is a leading clean energy company powered by proprietary thermal energy storage technology. Through its patented bGen™ platform and BNRG360™ growth strategy, Brenmiller is expanding from thermal energy storage into integrated clean heat and power solutions designed to help industrial and utility customers reduce emissions, improve energy economics, enhance resilience and accelerate the transition away from fossil fuel-based energy systems. Through BNRG360, the Company is also pursuing opportunities to participate in energy assets and long-term energy service models designed to create recurring revenues and long-term shareholder value.

Forward-Looking Statements

This presses release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements include, but are not limited to, statements regarding the expected completion of the transaction and related shareholder approvals, the investor's agreement to exercise short-term warrants if certain conditions are met, the expected receipt of additional proceeds from warrant exercises, the Company's growth strategy, the expected benefits of BNRG360, future recurring revenue opportunities, future project deployments, commercial growth opportunities, customer demand, financing opportunities and the Company's long-term business objectives. These forward-looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Readers are encouraged to review the risk factors included in the Company's filings with the U.S. Securities and Exchange Commission. Brenmiller undertakes no obligation to update any forward-looking statements except as required by law.

Contact:

Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300992

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What investment did Brenmiller (BNRG) announce on June 11, 2026?

Brenmiller announced an investment arrangement of up to $2.5 million from an existing investor. According to Brenmiller, this includes an immediate $1.5 million via convertible preferred shares plus potential additional proceeds through various warrants, subject to shareholder approval and pricing conditions.

How is the $2.5 million Brenmiller (BNRG) investment structured?

The arrangement provides $1.5 million immediately through convertible preferred shares and up to $1.0 million via warrant exercises. According to Brenmiller, warrants include pre-funded, short-term, and five-year options, all with a $2.00 per share exercise price, pending shareholder approval.

At what price can Brenmiller (BNRG) preferred shares and warrants convert?

The preferred shares initially convert at $1.67 per ordinary share, potentially rising to $2.00 with shareholder approval. According to Brenmiller, all new warrants have a $2.00 exercise price, while short-term warrant exercise also requires a minimum $1.30 average share price.

How will the new investment support Brenmiller’s BNRG360 strategy and recurring revenues?

The capital is intended to expand BNRG360 activities, including energy assets, renewable projects, and infrastructure. According to Brenmiller, funds will also back long-term energy service agreements, supporting its shift from one-time technology sales toward contracted and recurring revenue streams.

What conditions affect the additional $1.0 million potential investment in Brenmiller (BNRG)?

The extra $1.0 million depends on warrant exercises at $2.00 per share. According to Brenmiller, shareholder approval is required and short-term warrants are only exercisable if the five-day average share price is at least $1.30.

What does the Brenmiller (BNRG) investment premium to market indicate for investors?

The initial conversion price of $1.67 per share is above the current market price. According to Brenmiller, this premium investment from an existing investor signals confidence in its technology, commercial progress, and the long-term BNRG360 integrated clean energy strategy.